Question

Viki purchased 200 shares of MV Rupes 80. Brokerage paid at the rate of 0.5 % and the rate of GSTon the brokerage is 18%. Find the total amount he paid for the purchase of shares.

Answer 1

Correct Answer - The total amount paid by Viki is Rupees 16094.40
MV of one share = Rupees 80
Brokerage per share = MV `xx` rate of brokerage
`= Rupees 80 xx ( 0.5)/( 100) = Rupees 0.40`
`:. ` brokerage on 200 shares `= 200 xx 0.40`
`= Rupees 80`
GST on brokerage at 18% = `Rupees 80 xx (18)/( 100) = Rupees 14.40 `
Cost of 200 shares at MV Rupees 80 `= 200 xx 80 =Rupees 16000`
`:. ` Viki paid `Rupees 16000 + Rupees 80 + Rupees 14.40 = Rupees 16094 `