# Smt. Desai has 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?

Answer

Verified

280.8k+ views

**Hint:**In order to find the number of shares she sold, firstly we must find the amounts from the percentages given. After finding the amounts, we will be finding the selling prices of each share by subtracting the brokerage amount and the GST amount from the market value. The number of shares sold can be calculated by dividing the total amount received by the Selling price of each share. This obtained value would be our required value.

**Complete step-by-step solution:**

Now let us learn about the market value in brief. It is the price of a property that brings competition upon it and the open market under all conditions assuming that there is nothing being affected. Market value is important because it provides a strong method that eliminates the uncertainty for deciding the worth of the asset.

Now let us find the number of shares Smt. Desai has sold.

Total amount earned\[=Rs.4988.20\]

Given that, market value of each share \[=Rs.50\].

Now let us find out the amount of brokerage per share.

\[\Rightarrow \dfrac{0.2}{100}\times 50=Rs.0.1\]

The amount of GST on per share on brokerage\[=18\%\left( 0.1 \right)=\dfrac{18}{100}\times 0.1=Rs.0.018\]

Now let us find the selling price on each share.

Selling price= Market Value- Brokerage- GST\[=Rs.50-Rs.0.1-Rs.0.018=Rs.49.882\]

Now we can find the number of shares sold by the formula \[\dfrac{\text{Total amount received}}{\text{selling price on each share}}\]

\[\Rightarrow \dfrac{4988.20}{49.882}=100\]

**\[\therefore \] The total number of shares sold\[=100\]**

**Note:**We must have a note in order to find the selling price of one share, all other expenses additionally expenses added to it are to be subtracted. The value of selling price always cannot be solved always in the same process. We must apply the formulas according to the attributes given .

Recently Updated Pages

Define absolute refractive index of a medium

Find out what do the algal bloom and redtides sign class 10 biology CBSE

Prove that the function fleft x right xn is continuous class 12 maths CBSE

Find the values of other five trigonometric functions class 10 maths CBSE

Find the values of other five trigonometric ratios class 10 maths CBSE

Find the values of other five trigonometric functions class 10 maths CBSE

Trending doubts

Change the following sentences into negative and interrogative class 10 english CBSE

What is 1 divided by 0 class 8 maths CBSE

Convert compound sentence to simple sentence He is class 10 english CBSE

What is the past tense of read class 10 english CBSE

Write a letter to the principal requesting him to grant class 10 english CBSE

Write an application to the principal requesting five class 10 english CBSE

A Paragraph on Pollution in about 100-150 Words

Which longitude is the standard meridian for India class 10 social science CBSE

What is the difference between anaerobic aerobic respiration class 10 biology CBSE