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Mr. Mahajan purchased 100 shares, each of face value Rs. 100, when the market price was Rs. 45 per share, paying 2% brokerage.

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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.

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Amount spent to purchase 100 shares = 45 × 100 = Rs 4500 

Brokerage = 4500 × 2 / 100 = Rs 90

GST on brokerage = 90 × 18 / 100 =Rs  16.20

∴ Total amount = 4500 + 90 + 16.20 = Rs 4606.20

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