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Chapter: Financial Planning· Mathematics Part 1 (Algebra)

Asked in: March 2026 board paperQ.12 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…

Asked in: March 2026 board paper

Q.12 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 for shares (sum invested) = MV × number of shares = 900 × 100 = ₹ 90,000

(2) Brokerage = 0.5% of 90,000 = \(\dfrac{0.5}{100} \times 90000\) = ₹ 450

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

(4) While buying, brokerage and GST are added:

Total amount paid = 90,000 + 450 + 81 = ₹ 90,531

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report
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