Question

Smt. Desai sold shares of face value $Rs.$ $100$ when the market value was $Rs.$ $50$ and received $Rs.$ $4988.20$. She paid brokerage $0.2\%$ and $GST$ on brokerage $18\%$, then how many shares did she sell ?

Answer 1

Total amount received $=Rs\mathrm{49.88.20}$

$MV$ of each share $=Rs50$

Brokerage per share $=0.2\%$ of $Rs50$

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

GST per share on brokerage $=18\%$ of $Rs0.1=\frac{18}{100}\times 0.1=Rs0.018$

$\therefore S.P$ of each share=

$Rs50-Rs0.1-Rs0.018=Rs49.882$

No. of shares sold=

$\frac{Totalamount}{sellingprice}=\frac{4988.20}{49.882}=100$

Thus the no of shares sold is $100$