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Question
Fill in the blanks given in the contract note of sale-purchase of shares.
(B - buy S - sell)
|
No. of
shares
|
MV of
shares
|
Total
value
|
Brokerage
0.2%
|
9% CGST
on
brokerage
|
9% SGST
on
brokerage
|
Total
value of
shares
|
| 100 B | Rs 45 | |||||
| 75 S | Rs 200 |
Solution
Number of shares bought = 100
MV value of each share = Rs 45
∴ Total value = Number of shares bought × MV value of each share
= 100 × 45
= Rs 4,500
Brokerage = 0.2% of Rs 4,500 = \[\frac{0 . 2}{100} \times 4500\] = Rs 9
9% CGST on brokerage = 9% of Rs 9 = \[\frac{9}{100} \times 9\] = Rs 0.81
9% SGST on brokerage = 9% of Rs 9 = \[\frac{9}{100} \times 9\] = Rs 0.81
∴ Total value of the shares = Rs 4,500 + Brokerage + 9% CGST on brokerage + 9% CGST on brokerage
= Rs 4,500 + Rs 9 + Rs 0.81 + Rs 0.81
= Rs 4,510.62
Number of shares sold = 75
MV value of each share = Rs 200
∴ Total value = Number of shares sold × MV value of each share = 75 × 200 = Rs 15,000
Brokerage = 0.2% of Rs 15,000 = \[\frac{0 . 2}{100} \times 15000\] = Rs 30
9% CGST on brokerage = 9% of Rs 30 = \[\frac{9}{100} \times 30\] = Rs 2.70
9% SGST on brokerage = 9% of Rs 30 = \[\frac{9}{100} \times 30\] = Rs 2.70
∴ Total value of the shares = Rs 15,000 − Brokerage − 9% CGST on brokerage − 9% SGST on brokerage
= Rs 15,000 − Rs 30 − Rs 2.70 − Rs 2.70
= Rs 14,964.60
The complete table is given below:
|
No. of
shares
|
MV of
shares
|
Total
value
|
Brokerage
0.2%
|
9% CGST
on
brokerage
|
9% SGST
on
brokerage
|
Total
value of
shares
|
| 100 B | Rs 45 | Rs 4,500 | Rs 9 | Rs 0.81 | Rs 0.81 | Rs 4,510.62 |
| 75 S | Rs 200 | Rs 15,000 | Rs 30 | Rs 2.70 | Rs 2.70 | Rs 14,964.60 |
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