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| 1. |
Smt Sawant sold shares of face value 100 when the market value was 55 and received54870.20. She paid brokerage 0.2% and GSTon brokerage 18%. How many shares did shesell? |
| Answer» AMT rec'd= x*55brokerage 0.2/100*55xgst=0.2/100*55x-18/100net BROKERAGE 0.2/100*1.18/100*55x55x(1-0.2/100*1.18/100)=54870.20Step-by-step EXPLANATION:SOLVING this will GIVE 997 shares | |