A man purchase 180 shares of a company @ 2492.50 per share and sell these @ 2675.00 per share. If brokarage is 40 paisa per 100 rupee with 20% addition tax on brokarage both time (at the time of purchase and also at the time of sell) then his profit will be

• option 3...
  do simple cp sp operation
• 9 years agoHelpfull: Yes(1) No(2)
• 1 share purchase cost=2492.5 then 180 shares cost= 448650
  
  since brokarage is 40 paisa per 100 rupee then for 2492.5 how much so,
  =(0.4/100)*2492.5 = 9.97
  
  20% addition tax on brokarage
  =9.97+(0.2*9.97) = 11.964
  for 180 shares, 180*11.964 = 2153.52--------------------(1st incentives)
  
  
  1 share selling cost=2675 then 180 shares cost= 481500
  
  since brokarage is 40 paisa per 100 rupee then for 2675 how much so,
  =(0.4/100)*2675 = 10.7
  
  20% addition tax on brokarage
  =10.7 + (0.2*10.7) = 12.84
  for 180 shares, 180*12.84 = 2311.2----------------------(2nd incentive)
  
  so total profit =selling price - cost price-(additional incentives)=481500-448650-(2153.52+2311.2)
  =28385.28
  hence solved .....jsp
• 9 years agoHelpfull: Yes(1) No(0)