Question

Shri. Batliwala sold shares of $Rs.30,350$ and purchased shares of $Rs.69,650$ 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

S.P of the share $=RS30,350$

brokerage $=0.1\%$

brokerage paid on S.P of share $=0.1$ of $30350$

$=30.35$

GIST on brokerage $=18\%$ of $30.35$

$=\frac{18}{100}\times 30.35=Rs5.463$

Expenditure on brokerage & tax paid on S.P of share

$=30.35+5.463=Rs\mathrm{35.813...}\left(1\right)$

Purchase price $=Rs69650$

brokerage $=0.1$

brokerage on purchasing $=0.1$ of $69600=\frac{69650}{100}=69.85Rs$

GST on brokerage $=18\%$ of $69.85=\frac{18}{100}\times 69.85=Rs12.537$

Expenditure on brokerage and tax on purchasing shares

$=69.65+12.537=82.187...\left(2\right)$

$\therefore$ Total Exp on brokerage and tax $\left(1\right)+\left(2\right)$

$=35.813+82.187=Rs188.$