Question

Tushar purchased $50$ shares of Market value ₹$500$. Brokerage is paid at the rate of $1.5\%$ and the rate of GST on the brokerage is $18\%$. Find the total amount paid by Tushar for the shares he purchased.

• A. 25442.5

Answer 1

The correct option is A 25442.5
Market value of one share $=₹500$

$\Rightarrow$ Market value of $50$ shares $=500\times 50=25000$

Brokerage per share $=\frac{1.5}{100}\times 500=7.5$

$\Rightarrow$ Cost of one share $=$ MV $+$ Brokerage $=500+7.5=₹507.5$

$\Rightarrow$ Cost of $50$ shares $=507.5\times 50=₹25375$

Brokerage on 50 shares $=7.5\times 50=₹375$

$\Rightarrow$ GST $=\frac{18}{100}\times 375=₹67.5$

Thus, Tushar paid $25375+67.5$ = ₹25442.5 for $50$ shares.