Q8 of 55 Page 111

Shri. Aditya Sanghavi invested Rs. 50,118 in shares of FV Rs. 100, when the market value is Rs. 50. Rate of brokerage is 0.2% and Rate of GST on brokerage is 18%, then How many shares were purchased for Rs. 50,118?

Amount invested = Rs. 50,118


Let number of shares be n


(Total Share Price + Brokerage + GST) = Money Invested



50.118n = 50118


n = 1000 shares


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