Question

Kriti purchased 100 shares, each of face value 100 when the market price was Rupee45. She paid 2%, brokerage.If the rateof GST on the brokerageis18%, find the total amount she spent.

Answer 1

Correct Answer - Kriti spent Rupee 4606.20 to buy shares.
FV = Rupee 100, MV = Rupee 45
Amount spent to purchase 100 shares
= Number os shares `xx` MV
`= 100 xx 45 = Rupee 4500`
Brokerage at 2% on Rupee 4500
`= (2)/( 100) xx 4500 = Rupee 90`
GST at 18% on brokerage
`= ( 18)/( 100) xx 90 = Rupee 16.20 `
Total amount spent `= Rupee ( 4500 + 90 + 16.20)`
`= Rupee 4606.20`