Question

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
• B. ₹13457.71
• C. ₹12884.6
• D. ₹12951.04

Answer 1

The correct option is D ₹12951.04

MV of each share = ₹80
No. of Shares = 80$\times$2 = 160
Total cost of 160 shares = 160 $\times$ 80 = ₹12800
Brokerage on 1 share = 1% of ₹80
Brokerage on 160 shares = $\frac{1}{100}\times 12800$ = ₹128
GST = 18% of ₹128 = $\frac{18}{100}\times 128$ = ₹23.04
Total amount being paid for the shares = ₹12800 + ₹128 + ₹23.04 = ₹12951.04