The brokerage being charged on shares is 1%. There is GST being levied on the brokerage. If the MV of the share is ₹80 per share, and the number of shares being bought is twice the MV of each share, find the total amount being paid for the shares.
A
₹12517.56
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B
₹13457.71
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C
₹12884.6
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D
₹12951.04
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Solution
The correct option is D ₹12951.04 MV of each share = ₹80 No. of Shares = 80×2 = 160 Total cost of 160 shares = 160 × 80 = ₹12800 Brokerage on 1 share = 1% of ₹80 Brokerage on 160 shares = 1100×12800 = ₹128 GST = 18% of ₹128 = 18100×128 = ₹23.04 Total amount being paid for the shares = ₹12800 + ₹128 + ₹23.04 = ₹12951.04