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Question
Smt. Desai sold shares of face value Rs 100 when the market value was Rs 50 and received Rs 4988.20. She paid brokerage 0.2% and GST on brokerage 18%, then how many shares did she sell ?
Solution
Total amount received = Rs 4988.20
MV of each share = Rs 50
Brokerage per share = 0.2% of Rs 50 = \[\frac{0 . 2}{100} \times 50\] = Rs 0.1
Number of shares sold = \[\frac{\text{ Total amount received} }{\text{ Selling price of each share } } = \frac{4988 . 20}{49 . 882}\] = 100
Thus, the number of shares sold by Smt.Desai are 100.
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RELATED QUESTIONS
A share is sold for the market value of Rs 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?
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 |
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Shri. Batliwala sold shares of ₹ 30,350 and purchased shares of ₹ 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.
Mr. Mahajan purchased 100 shares, each of face value Rs. 100, when the market price was Rs. 45 per share, paying 2% brokerage. If the rate of GST on the brokerage is 18%, find the total amount he spent.
If the face value of a share is ₹ 100 and the market value is ₹ 150. If rate of brokerage is 2%, find brokerage paid on one share.
