Bashirkhan purchased 100 shares of MV ₹ 40. Brokerage paid at the rate of 0.5% and rate of GST on brokerage is 18%. Find the total amount he paid for the share purchase.

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Solution

Solution:
Value of 100 shares = 40 x 100 = ₹4,000
Brokerage per share =
$\frac{0.5}{100}$ x 40 = ₹0.20
Cost of one share = MV + Brokerage
= 40 + 0.20 = ₹40.20
Cost of 100 shares = 40.20 x 100 = ₹4020
Brokerage on 100 shares = ₹4020 - ₹4000 = ₹20
GST = $\frac{18}{100}$ x 20 = ₹3.60
Bashirkhan paid = 4020 + 3.60 = ₹4023.60

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