Q10 of 55 Page 111

Smt. Aruna Thakkar purchased 100 shares of FV 100 when the MV is Rs. 1200. She paid brokerage at the rate of 0.3% and 18% GST on brokerage.

Find the following -


(1) Net amount paid for 100 shares.


(2) Brokerage paid on sum invested.


(3) GST paid on brokerage.


(4) Total amount paid for 100 shares.

No. of shares = 100


Market value = Rs. 1200


(1) Net amount paid = (100× 1200) = Rs. 1,20,000


Rate of Brokerage = 0.3%


(2) Brokerage paid =


Rate of GST = 18%


(3) Total GST =


(4) Total amount paid for 100 shares = (120000 + 360 + 64.80) = Rs. 1,20,424.80


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