Mr. Desai bought 200 shares of face value ₹ 10 when the market value was ₹ 120. Later he sold all of them when the market value was ₹ 150. He paid brokerage at 0.3% and GST at 18% on brokerage on both the purchase and the sale. Find :(1) Total amount…

Answer: (1) ₹ 24,084.96 (2) ₹ 29,893.80 (3) Profit of ₹ 5,808.84

Purchase: value \(= 200 \times 120 = \) ₹ 24,000.
Brokerage \(= \dfrac{0.3}{100} \times 24000 = \) ₹ 72; GST \(= \dfrac{18}{100} \times 72 = \) ₹ 12.96.
Total paid \(= 24000 + 72 + 12.96 = \) ₹ 24,084.96.

Sale: value \(= 200 \times 150 = \) ₹ 30,000.
Brokerage \(= \dfrac{0.3}{100} \times 30000 = \) ₹ 90; GST \(= \dfrac{18}{100} \times 90 = \) ₹ 16.20.
Amount received \(= 30000 - 90 - 16.20 = \) ₹ 29,893.80.

Result: Amount received > amount paid, so there is a profit.
Profit \(= 29893.80 - 24084.96 = \) ₹ 5,808.84.