Shri. Batliwala sold shares of Rs.30,350 and purchased shares of Rs. 6

1.	Shri. Batliwala sold shares of Rs.30,350 and purchased shares of Rs. 69,650 in a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST was charged on brokerage. Find his total expenditure on brokerage and tax.
Answer» Total amount = sale value + Purchase value = 30350 + 69650 = Rs.1,00,000 Rate of Brokerage = 0.1 % Brokerage = 0.1 % of 1,00,000 = (0.1/100) × 1,00,000 = Rs.100 Rate of GST = 18% ∴ GST = 18 % of brokerage = (18/100) × 100 ∴ GST = Rs.18 Total expenditure on brokerage and tax = 100 + 18 = Rs.118 ∴ Total expenditure on brokerage and tax is Rs.118. Alternate Method: Brokerage = 0.1 %, GST = 18% At the time of selling shares: Total sale amount of shares = Rs.30,350 Brokerage = 0.1% of 30,350 = (0.1/100) x 30,350 = Rs. 30.35 GST = 18% of Rs. 30.35 =(18/100 ) x 30.35 = Rs. 5.463 For purchasing shares: Total purchase amount of shares = Rs.69,650 Brokerage = 0.1% of 69,650 = (0.1/100) × 69650 = Rs.69.65 GST = 18% of 69.65 = (18/100) × 69.65 = Rs.12.537 ∴ Total expenditure on brokerage and tax = Brokerage and tax on selling + Brokerage and tax on purchasing = (30.35 + 5.463) + (69.65 + 12.537) = Rs. 118 ∴ Total expenditure on brokerage and tax is Rs.118

Shri. Batliwala sold shares of Rs.30,350 and purchased shares of Rs. 69,650 in a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST was charged on brokerage. Find his total expenditure on brokerage and tax.

Answer»

Total amount = sale value + Purchase value

= 30350 + 69650 = Rs.1,00,000

Rate of Brokerage = 0.1 %

Brokerage = 0.1 % of 1,00,000

= (0.1/100) × 1,00,000

= Rs.100

Rate of GST = 18%

∴ GST = 18 % of brokerage

= (18/100) × 100

∴ GST = Rs.18

Total expenditure on brokerage and tax

= 100 + 18

= Rs.118

∴ Total expenditure on brokerage and tax is Rs.118.

Alternate Method:

Brokerage = 0.1 %, GST = 18%

At the time of selling shares:

Total sale amount of shares = Rs.30,350

Brokerage = 0.1% of 30,350

= (0.1/100) x 30,350

= Rs. 30.35

GST = 18% of Rs. 30.35

=(18/100 ) x 30.35

= Rs. 5.463

For purchasing shares:

Total purchase amount of shares = Rs.69,650

Brokerage = 0.1% of 69,650

= (0.1/100) × 69650 = Rs.69.65

GST = 18% of 69.65

= (18/100) × 69.65

= Rs.12.537

∴ Total expenditure on brokerage and tax = Brokerage and tax on selling + Brokerage and tax on purchasing

= (30.35 + 5.463) + (69.65 + 12.537)

= Rs. 118

∴ Total expenditure on brokerage and tax is Rs.118