1.

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.

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


Discussion

No Comment Found

Related InterviewSolutions