Question

Shri. Batliwala sold shares of Rs $30350$ and purchased shares of Rs $69650$ in a day. He paid $0.1\%$ brokerage on both sale and purchase of shares. $18\%$ GST was charged on the brokerage. Find his total expenditure on brokerage and tax.

• A. $120$
• B. $118$
• C. $139.5$
• D. $105$

Answer 1

The correct option is B $118$

Value of shares sold = $30350$

Brokerage =$0.1$

$\therefore$ brokerage value =$\frac{0.1}{100}\times 30350$

= $303.5/10$=$30.35$

Value of shares purchased =$69650$

Brokerage =$0.1$

$\text{brokerage value}=\frac{0.1}{100}\times 69650$

=$696.5/10$

=$69.65$

$\therefore$ total brokerage value =$(30.35+69.65)$

=$Rs100$

$G.S.T$= $18$ of brokerage value

$\therefore$ amount of gst = $\frac{18}{100}\times 100$

=$18$

$\therefore$ total amount of brokerage +gst =$100$+$18$

=$118$.