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Mrs.Matharu s...

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?

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Solution

Let the number of shares be ₹x.

Therefore, sale value = ₹65x

Brokerage $= \frac{1}{100} \times 65 x = 0.65 x$ [0.5 Marks]

GST on brokerage $= \frac{18}{100} \times 0.65 x = 0.117 x$ [0.5 Marks]

Amount received = ₹(65x - 0.65x - 0.117x)
$\Rightarrow$ ₹9634.95 = ₹64.233x
$\Rightarrow$ x = 9634.9564.233 = 150 [1 Mark]

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