Question

Question 9. Shri. Batliwala sold shares of ₹ 30,350 and purchased shares of ₹ 69,650 in a day. He paid brokerage at the rate of $0.1\%$ on sale and purchase. $18\%$ GST was charged on brokerage. Find his total expenditure on brokerage and tax.

Answer 1

$$\begin{array}{cc}& \text{Total amount}=\text{sale value}+\text{Purchase value}\\ & =30350+69650\\ & =₹1,00,000\\ & \text{Rate of Brokerage}=0.1\%\\ & \text{Brokerage}=0.1\%\text{of}1,00,000\\ & =\frac{0.1}{100}\times 1,00,000\\ & =₹100\\ & \text{Rate of GST}=18\%\\ & \therefore \text{GST}=18\%\text{of brokerage}\\ & =\frac{18}{100}\times 100\\ & \therefore \text{GST}=₹18\\ & \text{Total expenditure on brokerage and tax}\\ & =100+18=₹118\\ & \therefore \text{Total expenditure on brokerage and tax is}₹118\end{array}$$