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Shri Patil purchased 140 shasres of a company at MV Rs. 1150. FV of the share is Rs. 100. Brokerage is paid at 0.3% and GST onbrokerage is 18%. Find (i) the total value of the shares. (ii) the brokerage paid (iii) GST paid on brokerage (iv) total investment for purchasing shares. |
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Answer» Solution :`MV=` Rs. 1150, Number of shares `=140` (i) Total value of shares `=MVxx` Number of shares `=1150xx140=Rs. 1,61,00` (II) The rate of brokerage `=0.3%` The brokerage paid `=` total value `XX` rate of brokerage `=161000xx0.3/100=Rs. 483` (iii) GST on brokerage `=` brokerage amount `xx` the rate of GST `=483xx18/100=Rs. 86.94` (iv) Total INVESTMENT for purchasing 140 shares `=` total vale of shares `+` brokerage `+` GST `=Rs. (161000+486+86.94)=Rs. 1,61,569.94` Ans (i) Rs. 1,61,000 (ii) Rs. 483 (iii) Rs. 86.94 (iv) Rs. 1,61,569.94 |
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