Question

Bashirkhan purchased $100$ shares of MV $Rs.40$. 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.

Answer 1

Value of $100$ shares $=40\times 100=Rs.4000$.
Brokerage per share $=\frac{0.5}{100}\times 40=Rs.0.20$.
$\therefore$ Cost of one share $=MV+Brokerage$
$=40+0.20=Rs.40.20$.
$\therefore$ Cost of $100$ shares $=40.20\times 100=Rs.4020$
$\therefore$ Brokerage on $100$ share $=0.20\times 100=Rs.20$
$\therefore GST=\frac{18}{100}\times 20$
$=Rs.3.60$.
Bashirkhan paid $Rs.4020+Rs.3.60=Rs.4023.60$ for $100$ shares.