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. ₹$25500$
• B. ₹$25000$
• C. ₹$25442.5$
• D. ₹$26442.5$

Answer 1

The correct option is C ₹$25442.5$

Value of one share = ₹$500$

$\Rightarrow$ 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.