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Smt. Tejaswini purchased 100 shares of FV ₹ 80 when the MV is ₹ 900. She paid brokerage at the rate of 0.5% 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.…

Q.4 (ii) Smt. Tejaswini purchased 100 shares of FV ₹ 80 when the MV is ₹ 900. She paid brokerage at the rate of 0.5% 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.

1 answer

Best answer

Answer: (1) ₹ 90,000   (2) ₹ 450   (3) ₹ 81   (4) ₹ 90,531

(1) Net amount \(= \text{MV} \times \text{number of shares} = 900 \times 100 = \) ₹ 90,000.

(2) Brokerage \(= 0.5\%\) of \(90{,}000 = \dfrac{0.5}{100} \times 90{,}000 = \) ₹ 450.

(3) GST on brokerage \(= 18\%\) of \(450 = \dfrac{18}{100} \times 450 = \) ₹ 81.

(4) Total amount \(= 90{,}000 + 450 + 81 = \) ₹ 90,531.

Doubtly AI · 25 Oct 2026 AI-verified · Oct 2026 Report
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