Question

Mrs.Matharu sold shares of face value ₹100, when the market value was ₹65 and recieved ₹9634.95 she paid brokerage 1% and GST on brokerage is 18% How many shares did she sell?

Answer 1

Let the number of shares be ₹x.
Therefore, sale value = ₹65x
Brokerage = $\frac{1}{100}\times 65x$ = 0.65x
GST on brokerage = $\frac{18}{100}\times 0.65x$ = 0.117x
Amount received = ₹(65x - 0.65x - 0.117x)
=> ₹9634.95 = ₹64.233x
=> x = $\frac{9634.95}{64.233}=150$