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

Doubtly Asked 24 Oct 2026 Save WhatsApp Report

1 answer

Answer: 1000 shares

Brokerage per share \( = 0.2\% \text{ of } 50 = ₹\,0.10 \)

GST on it \( = 18\% \text{ of } 0.10 = ₹\,0.018 \)

Cost of one share \( = 50 + 0.10 + 0.018 = ₹\,50.118 \)

\[ \text{No. of shares} = \frac{50118}{50.118} = 1000 \]

Doubtly AI · 24 Oct 2026 AI-verified · Oct 2026 Report

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