Question

The profit earned on shares was ₹4000 which was 10% of the total selling price of the shares. If the brokerage charged on the SP was 2.5%, find the GST on total brokerage at 18%.

• A. ₹360
• B. ₹180
• C. ₹90
• D. ₹240

Answer 1

The correct option is B ₹180

Profit = ₹4000

Let the SP be ₹x.

$\frac{10x}{100}$ = ₹4000
$\Rightarrow x$ = ₹40,000

Brokerage on SP = 2.5% of ₹40000 = $\frac{2.5}{100}\times 40000$ = ₹1000

GST = 18% of ₹1000 = $\frac{18}{100}\times 1000$ = ₹180