Q. 33.6( 20 Votes )

# Fill in the blanks given in the contract note of sale-purchase of shares.

(B - buy S - sell)

Answer :

B-Buy:

__We know that Investment (total value) = Number of shares × MV__

∴ Total value = 100 × 45

= Rs. 4500

__We know that brokerage = Total Value × Brokerage rate__

∴ Brokerage = 4500 × 0.2%

= Rs. 9

__We know that CGST on brokerage = brokerage × CGST rate__

∴ CGST on brokerage = 9 × 9%

= Rs. 0.81

__We know that CGST value is equal to SGST value.__

∴ SGST on brokerage = Rs. 0.81

__We know that total value of shares = Total Value + Brokerage + CGST on brokerage + SGST on brokerage__

⇒ Total value of shares = 4500 + 9 + 0.81 + 0.81

= Rs. 4510.62

S-Sell:

Total value = 200 × 75

= Rs. 15000

Brokerage = 15000 × 0.2%

= Rs. 30

CGST on brokerage = 30 × 9%

= Rs. 2.70 = SGST on brokerage

Total value of shares = 15000 + 30 + 2.70 + 2.70

= Rs. 14964.60

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PREVIOUSA share is sold for the market value of Rs. 1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?NEXTSmt. Desai sold shares of face value Rs. 100 when the market value was Rs. 50 and received Rs. 4988.20. She paid brokerage 0.2% and GST on brokerage 18%, then how many shares did she sell?

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