Question

Shri. Aditya Sanghavi invested $Rs.50,118$ in shares of FV $Rs.100$, when the market value is $Rs.50$. Rate of brokerage is $0.2\%$ and rate of $GST$ on brokerage is $18\%$, then how many shares were purchased for $Rs.50,118$ ?

Answer 1

Sum invested $=50118Rs$

$FV=Rs100$, Market value $=Rs50$

Rate of brokerage $=0.2\%$, GST on brokerage $=18\%$

$\therefore$ Brokerage $=\frac{0.2}{100}\times 50=Rs0.1$

GST on brokerage $=\frac{18}{100}\times 0.1=\frac{1.8}{100}=Rs0.018$

Cost of one share = MV $+$ brokerage $+$ G.S.T

$=50+0.1+0.018$

$=12550.118$

Sum inverted $=$ No. of shares $\times$ cost of one shares

$50118=$ No.of shares $\times 50.118$

No.of shares $=\frac{50118}{50.118}$

$=1000$

So Aditya purchased $1000$ shares