Mathematics Part i Solutions Solutions for Class 10 Math Chapter 4 - Financial Planning

Answer:

Rate of GST = 12%       (Given)

Now,  

Rate of CGST = Rate of SGST

Also,  

Rate of CGST + Rate of SGST = Rate of GST

⇒ 2 × Rate of CGST = 12%

⇒ Rate of CGST = 6%

∴ Rate of SGST = 6%

Answer:

Rate of CGST = 9%

Rate of SGST = Rate of CGST = 9%

∴ Rate of GST = Rate of SGST + Rate of CGST = 9% + 9% =18%

Thus, the rate of SGST is 9% and the rate of GST is 18%.

Answer:

Total taxable value of 2 tins of lustre paint = Rs 2,800 × 2 = Rs 5,600

Rate of GST = 28%

∴ Rate of CGST = Rate of SGST = 14%

Amount of CGST charged = Amount of SGST charged = $\frac{14}{100}\times 5600$ = Rs 784

Thus, the amount of CGST charged is Rs 784 and the amount of SGST charged is Rs 784 in the tax invoice.

Answer:

Taxable value of a wrist watch belt = Rs 586

Rate of GST = 18%

Amount of GST = $\frac{18}{100}\times 586$ = Rs 105.48

∴ Price of the belt for the customer = Taxable value of a wrist watch belt + Amount of GST = Rs 586 + Rs 105.48 = Rs 691.48

Thus, the price of the belt for the customer is Rs 491.48.

Answer:

Let the taxable value of the toy car be Rs x.

​Rate of GST = 18%       (Given)

Taxable value of the toy car + Amount of GST = Rs 1770

$$\begin{gathered} \therefore x+\frac{18}{100}x=1770 \\ \Rightarrow \frac{118}{100}x=1770 \\ \Rightarrow x=\frac{100}{118}\times 1770=1500 \end{gathered}$$
So, the taxable value of the toy-car is Rs 1,500.

Now,

Rate of CGST = Rate of SGST = 9%

∴ Amount of CGST on the toy-car = Amount of SGST on the toy-car = $\frac{9}{100}\times 1500$ = Rs 135

Answer:

(1) Rate of SGST on AC = Rate of CGST on AC = 14%

(2) Rate of GST on AC = Rate of CGST on AC + Rate of SGST on AC = 14% + 14% = 28%

(3) Let the taxable value of AC be Rs x.

Taxable value of AC + Amount of GST = Rs 51,200

$$\begin{gathered} \therefore x+\frac{28}{100}\times x=51200 \\ \Rightarrow \frac{128}{100}x=51200 \\ \Rightarrow x=\frac{100}{128}\times 51200=40000 \end{gathered}$$
So, the taxable value of AC is Rs 40,000.

(4) Total amount of GST = Cost of the AC with GST − Taxable value of AC = Rs 51,200 − Rs 40,000 = Rs 11,200

(5) Amount of CGST = $\frac{1}{2}$ × Total amount of GST = $\frac{1}{2}\times 11200$ = Rs 5,600

(6) Amount of SGST = $\frac{1}{2}$ × Total amount of GST = $\frac{1}{2}\times 11200$ = Rs 5,600

Answer:

Printed price of washing machine = Rs 40,000

Discount on washing machine = 5% of Rs 40,000 = $\frac{5}{100}\times 40000$ = Rs 2,000

Taxable value of washing machine = Rs 40,000 − Rs 2,000 = Rs 38,000

Rate of GST = 28%

Amount of GST on washing machine = 28% of Rs 38,000 = $\frac{28}{100}\times 38000$ = Rs 10,640

∴ Purchase price of washing machine

= Taxable value of washing machine + Amount of GST on washing machine

= Rs 38,000 + Rs 10,640

= Rs 48,640

So, the purchase price of washing machine is Rs 48,640.

Now,

Amount of CGST  = Amount of SGST = $\frac{1}{2}$ × Amount of GST on washing machine = $\frac{1}{2}$ × 10640 = Rs 5,320

Thus, the amount of CGST is Rs 5,320 and the amount of SGST is Rs 5,320 in the tax invoice.

Answer:

Tax collected at the time of sale = Rs 1,22,500

Tax collected at the time of purchase = Rs 1,00,500

∴ GST payable = Tax collected at the time of sale − Tax collected at the time of purchase = Rs 1,22,500 − Rs 1,00,500 = Rs 22,000

Thus, the GST payable by Chetana Stores is Rs 22,000.
 

Answer:

Tax collected at the time of purchase = Rs 12,500

∴ Amount of ITC to be claimed by Nazama = Rs 12,500

Tax collected at the time of sale = Rs 14,750

∴ GST payable = Tax collected at the time of sale − Tax collected at the time of purchase = Rs 14,750 − Rs 12,500 = Rs 2,250

Thus, the amount of GST payable by Nazama is Rs 2,250.

Answer:

Tax collected by Amir Enterprise at the time of purchase = Rs 3,800

Tax collected by Amir Enterprise at the time of sale = Rs 4,100

∴ GST payable by Amir Enterprise = Tax collected at the time of sale − Tax collected at the time of purchase = Rs 4,100 − Rs 3,800 = Rs 300

CGST payable by Amir Enterprise = SGST payable by Amir Enterprise = $\frac{300}{2}$ = Rs 150


Tax collected by Akbari Bros. at the time of purchase = Rs 4,100

Tax collected by Akbari Bros. at the time of sale = Rs 4,500

∴ GST payable by Akbari Bros. = Tax collected at the time of sale − Tax collected at the time of purchase = Rs 4,500 − Rs 4,100 = Rs 400

CGST payable by Akbari Bros. = SGST payable by Akbari Bros. = $\frac{400}{2}$ = Rs 200

Answer:

Input tax (tax paid at the time of purchase) = 5% of Rs 24,500 = $\frac{5}{100}\times 24500$ = Rs 1,225

Output tax (tax paid at the time of sale) = 5% of Rs 26,500 = $\frac{5}{100}\times 26500$ = Rs 1,325

∴ GST payable = Output tax − Input tax = Rs 1,325 − Rs 1,225 = Rs 100

Thus, the GST payable by Malik Gas Agency is Rs 100.

CGST payable = UTGST payable = $\frac{100}{2}$ = Rs 50

Thus, the CGST payable by Malik Gas Agency is Rs 50 and â€‹the UTGST payable by Malik Gas Agency is Rs 50.

Answer:

GST in the tax invoice = 18% of Rs 10,000 = $\frac{18}{100}\times 10000$ = Rs 1,800

∴ CGST in the tax invoice = SGST in the tax invoice = $\frac{1800}{2}$ = Rs 900

Thus, the amount of CGST in the tax invoice is Rs 900 and the amount of SGST in the tax invoice is Rs 900.

Answer:

Answer:

Ans

Answer:

(1) When share is at par, MV (Market value) = FV (Face value)

∴ MV = FV = Rs 100

(2) FV = MV − Premium = Rs 575 − Rs 500 = Rs 75

(3) FV = Rs 10 and MV = Rs 5

Since MV < FV, so the share is at discount.

Discount = FV − MV = Rs 10 − Rs 5 = Rs 5

The complete table is given below:

Answer:

FV = Rs 100

MV = Rs 80

Number of shares purchased = 50

Sum invested = Number of shares purchased × MV of each share = 50 × 80 = Rs 4,000

Dividend received on each share = 20% of FV of each share = 20% of Rs 100 = $\frac{20}{100}\times 100$ = Rs 20

Total dividend received = Number of shares purchased × Dividend received on each share = 50 × 20 = Rs 1,000

∴ Rate of return on investment = $\frac{\mathrm{Total} \mathrm{dividend} \mathrm{received}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{1000}{4000}\times 100\%$ = 25%

Thus, the rate of return on investment is 25%.

Answer:

Market value of each share of company A = FV + Premium = Rs 2 + Rs 18 = Rs 20

Investment in company A = Number of shares of company A × MV of each share of company A = 200 × 20 = Rs 4,000

Investment in company B = Number of shares of company B × MV of each share of company B = 45 × 500 = Rs 22,500

Investment in company C = Number of shares of company C × MV of each share of company C = 1 × 10540 = Rs 10,540

∴ Total investment = Investment in company A + Investment in company B + Investment in company C 

= Rs 4,000 + Rs 22,500 + Rs 10,540

= Rs 37,040

Thus, the toal investment of Joseph is Rs 37,040.

Answer:

Market value of each share = FV + Premium = Rs 5 + Rs 20 = Rs 25

Sum invested = Rs 20,000

∴ Number of shares = $\frac{\mathrm{Sum} \mathrm{invested}}{\mathrm{Market} \mathrm{value} \mathrm{of} \mathrm{each} \mathrm{share}}=\frac{20000}{25}$ = 800

Thus, the number of shares purchased by Smt. Deshpande are 800.

Answer:

FV of each share = Rs 100

MV of each share = Rs 120

Number of shares purchased = 150

Sum invested = Number of shares purchased × MV of each share = 150 × 120 = Rs 18,000

Dividend received on each share = 7% of FV of each share = 7% of Rs 100 = $\frac{7}{100}$× 100= Rs 7

Total dividend received = Number of shares purchased × Dividend received on each share = 150 × 7 = Rs 1,050

∴ Rate of return on investment = $\frac{\mathrm{Total} \mathrm{dividend} \mathrm{received}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{1050}{18000}\times 100\%$ = 5.83%

Thus, the rate of return on investment is 5.83%.

Answer:

Let the face value of each share be Rs x.

Market value of each share of company A = Rs 80

Dividend = 16%

Rate of return from company A = $\frac{\mathrm{Dividend} \mathrm{income}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{{\displaystyle \frac{16}{100}\times x}}{80}\times 100\%=\frac{x}{5}\%$


Market value of each share of company B = Rs 120

Dividend = 20%

​Rate of return from company B = $\frac{\mathrm{Dividend} \mathrm{income}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{{\displaystyle \frac{20}{100}\times x}}{120}\times 100\%=\frac{x}{6}\%$

∴ Rate of return from company A > Rate of return from company B

Thus, the investment in company A is more profitable.

Answer:

Market value of the share = Rs 200

Brokerage = 0.3% of Rs 200 = $\frac{0.3}{100}\times 200$ = Rs 0.6

∴ Purchase value of the share = MV + Brokerage = Rs 200 + Rs 0.6 = Rs 200.60

Thus, the purchase value of the share is Rs 200.60.

Answer:

Market value of the share = Rs 1,000

Brokerage = 0.1% of Rs 1,000 = $\frac{0.1}{100}\times 1000$ = Re 1

∴ Selling price of the share = MV − Brokerage = Rs 1,000 − Re 1 = Rs 999

Thus, the amount received after the sale is Rs 999.

 

Answer:

Number of shares bought = 100

MV value of each share = Rs 45

∴ Total value = Number of shares bought × MV value of each share = 100 × 45 = Rs 4,500

Brokerage = 0.2% of Rs 4,500 = $\frac{0.2}{100}\times 4500$ = Rs 9

9% CGST on brokerage = 9% of Rs 9 = $\frac{9}{100}\times 9$ = Rs 0.81

9% SGST on brokerage = 9% of Rs 9 = $\frac{9}{100}\times 9$ = Rs 0.81

∴ Total value of the shares = Rs 4,500 + Brokerage + 9% CGST on brokerage + 9% CGST on brokerage

= Rs 4,500 + Rs 9 + Rs 0.81 + Rs 0.81

= Rs 4,510.62



Number of shares sold = 75

MV value of each share = Rs 200

∴ Total value = Number of shares sold × MV value of each share = 75 × 200 = Rs 15,000

Brokerage = 0.2% of Rs 15,000 = $\frac{0.2}{100}\times 15000$ = Rs 30

9% CGST on brokerage = 9% of Rs 30 = $\frac{9}{100}\times 30$ = Rs 2.70

9% SGST on brokerage = 9% of Rs 30 = $\frac{9}{100}\times 30$ = Rs 2.70

∴ Total value of the shares = Rs 15,000 − Brokerage − 9% CGST on brokerage − 9% CGST on brokerage 

= Rs 15,000 − Rs 30 − Rs 2.70 − Rs 2.70 

= Rs 14,964.60

The complete table is given below:

Answer:

Total amount received = Rs 4988.20

MV of each share = Rs 50

Brokerage per share = 0.2% of Rs 50 = $\frac{0.2}{100}\times 50$ = Rs 0.1

GST per share on brokerage = 18% of Rs 0.1 = $\frac{18}{100}\times 0.1$ = Rs 0.018

∴ Selling price of each share = MV − Brokerage − GST = Rs 50 − Rs 0.1 − Rs 0.018 = Rs 49.882

Number of shares sold = $\frac{\mathrm{Total} \mathrm{amount} \mathrm{received}}{\mathrm{Selling} \mathrm{price} \mathrm{of} \mathrm{each} \mathrm{share}}=\frac{4988.20}{49.882}$ = 100

Thus, the number of shares sold by Smt.Desai are 100.

Answer:

Cost (or MV) of each share = FV of each share + Premium = Rs 50 + Rs 100 = Rs 150

Number of shares purchased = 200

∴ Amount invested = Cost of each share × Number of shares purchased = Rs 150 × 200 = Rs 30,000

Total dividend received = Number of shares purchased × Dividend received on each share = 200 × $\left(\frac{50}{100}\times 50\right)$ = Rs 5,000

Selling price of each share at discount of Rs 10 = Rs 50 − Rs 10 = Rs 40

∴ Selling price of 100 shares at discount of Rs 10 = Rs 40 × 100 = Rs 4,000

Selling price of each share at premium of Rs 75 = Rs 50 + Rs 75 = Rs 125

∴ Selling price of 100 shares at premium of Rs 75 = Rs 125 × 100 = Rs 12,500

Total money received on selling 200 shares = Rs 4,000 + Rs 12,500 = Rs 16,500

Brokerage paid on each trade = Rs 20

∴ Total brokerage paid on 3 trades = Rs 20 × 3 = Rs 60

Net income of Mr. D'souza = Total money received on selling 200 shares + Total dividend received − Total brokerage paid on 3 trades

= Rs 16,500 + Rs 5,000 − Rs 60

= Rs 21,440

Since net income of Mr. D'souza is less than the amount invested, so Mr. D'souza incurred a loss.

Loss incurred = Amount invested − Net income of Mr. D'souza = Rs 30,000 − Rs 21,440 = Rs 8,560

Thus, Mr. D'souza incurred loss of Rs 8,560.

Answer:

(1) Rate of GST on essential commodities is 0%.

Hence, the correct answer is option (C).

(2) The tax levied by the central government for trading within state is CGST.

Hence, the correct answer is option (B).

(3) GST system was introduced in our country from 1^st July 2017.

Hence, the correct answer is option (D).

(4) Rate of GST on stainless steel utensils = 18%

Rate of CGST on stainless steel utensils + Rate of SGST on stainless steel utensils = Rate of GST on stainless steel utensils

Also, Rate of CGST on stainless steel utensils = Rate of SGST on stainless steel utensils

∴ 2Rate of SGST on stainless steel utensils = 18%

⇒ Rate of SGST on stainless steel utensils = 9%

The rate of GST on stainless steel utensils is 18%, then the rate of State GST is 9%.

Hence, the correct answer is option (B).

(5) In the format of GSTIN there are 15 alpha-numerals.

Hence, the correct answer is option (A).

(6) When a registered dealer sells goods to another registered dealer under GST, then this trading is termed as B2B.

Hence, the correct answer is option (B).

Answer:

Printed price of showpiece = Rs 25,000

Discount on showpiece = 10% of Rs 25,000 = $\frac{10}{100}\times 25000$ = Rs 2,500

Taxable value of showpiece = Rs 25,000 − Rs 2,500 = Rs 22,500

Rate of GST = 28%

Amount of GST on showpiece = 28% of Rs 22,500 = $\frac{28}{100}\times 22500$ = Rs 6,300

∴ Purchase price of showpiece = Taxable value of showpiece + Amount of GST on showpiece

= Rs 22,500 + Rs 6,300

= Rs 28,800

So, the total amount shown in the tax invoice is Rs 28,800.

Now,

Amount of CGST = Amount of SGST = $\frac{1}{2}$× Amount of GST on showpiece = $\frac{1}{2}\times 6300$ = Rs 3,150

Thus, the amount of CGST is Rs 3,150 and the amount of SGST is Rs 3,150.

Answer:

Printed price of dress = Rs 1,000

Discount on dress = 5% of Rs 1,000 = $\frac{5}{100}\times 1000$ = Rs 50

Taxable value of dress = Rs 1,000 − Rs 50 = Rs 950

Rate of GST = 5%

Amount of GST on dress = 5% of Rs 950 = $\frac{5}{100}\times 950$ = Rs 47.50

∴ Purchase price of dress = Taxable value of dress + Amount of GST on dress

= Rs 950 + Rs 47.50

= Rs 997.50

Thus, the purchase price of the dress for the customer is Rs 997.50.

Answer:

Taxable value of cotton clothes = Rs 2.5 lacs = Rs 2,50,000

Rate of GST = 5%

∴ Amount of GST paid by the trader = 5% of Rs 2,50,000 = $\frac{5}{100}\times 250000$ = Rs 12,500

Thus, the amount of GST paid by the trader is Rs 12,500.
 

Answer:

Taxable purchase value of the solar panels = Rs 85,000

Rate of GST = 5%

∴ Input tax credit (ITC) = 5% of Rs 85,000 = $\frac{5}{100}\times 85000$ = Rs 4,250

Selling price of the solar panels = Rs 90,000

∴ Output tax = 5% of Rs 90,000 = $\frac{5}{100}\times 90000$ = Rs 4,500

Amount of GST payable = Output tax − Input tax (ITC) = Rs 4,500 − Rs 4,250 = Rs 250

Thus, the amount of ITC is Rs 4,250 and the amount of GST payable by Smt. Malhotra is Rs 250.

Answer:

Input tax credit = GST paid by the company for laundry services and uniforms etc = Rs 1,550

Taxable value for the services paid by the company = Rs 64,500

Rate of GST = 18%

∴ Output tax = 18% of Rs 64,500 = $\frac{18}{100}\times 64500$ = Rs 11,610

GST payable = Output tax − Input credit tax = Rs 11,610 − Rs 1,550 = Rs 10,060

∴ CGST payable = SGST payable = $\frac{\mathrm{GST} \mathrm{payable}}{2}=\frac{10060}{2}$ = Rs 5,030

Thus, the amount of CGST payable by the company is Rs 5,030 and the SGST payable by the company is Rs 5,030.

Answer:

Let the taxable value of the Walky-Talky set be Rs x.

​Rate of GST = 12%       (Given)

Taxable value of the Walky-Talky set + Amount of GST = Rs 84,000

$x+\frac{12}{100}x=84000$

$\Rightarrow \frac{112}{100}x=84000$

$\Rightarrow x=\frac{84000\times 100}{112}$ = Rs 75,000

So, the taxable value of the Walky-Talky set is Rs 75,000.

Now, Rate of CGST = Rate of SGST = 6%

∴ Amount of CGST on the Walky-Talky set = Amount of SGST on the Walky-Talky set = 6% of Rs 75,000 = $\frac{6}{100}\times 75000$ = Rs 4,500

Thus, the amount of CGST charged by the dealer is Rs 4,500 and the amount of SGST charged is Rs 4,500.

Answer:

Rate of GST is 18%.

(1) 
Input tax credit of wholesaler = 18% of Rs 1,50,000 = $\frac{18}{100}\times 150000$ = Rs 27,000

Output tax of wholesaler = 18% of Rs 1,80,000 = $\frac{18}{100}\times 180000$ = Rs 32,400

GST in tax invoice of wholesaler:

CGST in tax invoice of wholesaler = SGST in tax invoice of wholesaler = $\frac{\mathrm{Output} \mathrm{tax} \mathrm{of} \mathrm{wholesaler}}{2}=\frac{32400}{2}$ = Rs 16,200



Input tax credit of retailer = 18% of Rs 1,80,000 = $\frac{18}{100}\times 180000$ = Rs 32,400

Output tax of retailer = 18% of Rs 2,20,000 = $\frac{18}{100}\times 220000$ = Rs 39,600

​GST in tax invoice of retailer:

CGST in tax invoice of retailer = SGST in tax invoice of retailer = $\frac{\mathrm{Output} \mathrm{tax} \mathrm{of} \mathrm{retailer}}{2}=\frac{39600}{2}$ = Rs 19,800

(2) 
GST payable by wholesaler = Output tax of wholesaler − Input tax credit of wholesaler = Rs 32,400 − Rs 27,000 = Rs 5,400

CGST payable by wholesaler = SGST payable by wholesaler = $\frac{\mathrm{GST} \mathrm{payable} \mathrm{by} \mathrm{wholesaler}}{2}=\frac{5400}{2}$ = Rs 2,700


GST payable by retailer = Output tax of retailer − Input tax credit of retailer = Rs 39,600 − Rs 32,400 = Rs 7,200

CGST payable by retailer = SGST payable by retailer = $\frac{\mathrm{GST} \mathrm{payable} \mathrm{by} \mathrm{retailer}}{2}=\frac{7200}{2}$ = Rs 3,600

Answer:

Rate of GST is 28%.

(1)
Output tax of Anna Patil = 28% of Rs 14,000 = $\frac{28}{100}\times 14000$ = Rs 3,920

∴ CGST in tax invoice of Anna Patil = SGST in tax invoice of Anna Patil = $\frac{\mathrm{Output} \mathrm{tax} \mathrm{of} \mathrm{Anna} \mathrm{Patil}}{2}=\frac{3920}{2}$ = Rs 1,960

Thus, the amount of CGST and SGST shown in the tax invoice issued by Anna Patil is Rs 1,960.

(2)
Input tax credit of shopkeeper in Vasai = 28% of Rs 14,000 = $\frac{28}{100}\times 14000$ = Rs 3,920

Output tax of shopkeeper in Vasai = 28% of Rs 16,800 = $\frac{28}{100}\times 16800$ = Rs 4,704

∴ CGST in tax invoice of shopkeeper in Vasai = SGST in tax invoice of shopkeeper in Vasai = $\frac{\mathrm{Output} \mathrm{tax} \mathrm{of} \mathrm{shopkeeper} \mathrm{in} \mathrm{Vasai}}{2}=\frac{4704}{2}$ = Rs 2,352

Thus, the amount of CGST and SGST charged by the shopkeeper in Vasai is Rs 2,352.

(3)
GST payable by shopkeeper in Vasai = Output tax of shopkeeper in Vasai − Input tax credit of shopkeeper in Vasai = Rs 4,704 − Rs 3,920 = Rs 784

∴ CGST payable by shopkeeper in Vasai = SGST payable by shopkeeper in Vasai = $\frac{\mathrm{GST} \mathrm{payable} \mathrm{by} \mathrm{shopkeeper} \mathrm{in} \mathrm{Vasai}}{2}=\frac{784}{2}$ = Rs 392

Thus, the CGST and SGST payable by shopkeeper in Vasai at the time of filing the return is Rs 392.

Answer:

(1)
GST in Tax Invoice of Wholesaler:

Taxable value of article = â‚¹ 5,000

Rate of GST = 12%

GST payable = 12% of â‚¹ 5,000 = $\frac{12}{100}\times 5000$ = â‚¹ 600

CGST payable = SGST payable = $\frac{\mathrm{GST} \mathrm{payable}}{2}=\frac{600}{2}$ = â‚¹ 300

GST in Tax Invoice of Distributor:

Taxable value of article = â‚¹ 6,000

Rate of GST = 12%

GST payable = Output tax − Input credit tax = 12% of â‚¹ 6,000 − 12% of â‚¹ 5,000 = $\frac{12}{100}\times \left(6000-5000\right)=\frac{12}{100}\times 1000$ = â‚¹ 120

CGST payable = SGST payable = $\frac{\mathrm{GST} \mathrm{payable}}{2}=\frac{120}{2}$ = â‚¹ 60

GST in Tax Invoice of Retailer:

Taxable value of article = â‚¹ 6,500

Rate of GST = 12%

GST payable = Output tax − Input credit tax = 12% of â‚¹ 6,500 − 12% of â‚¹ 6,000 = $\frac{12}{100}\times \left(6500-6000\right)=\frac{12}{100}\times 500$ = â‚¹ 60

CGST payable = SGST payable = $\frac{\mathrm{GST} \mathrm{payable}}{2}=\frac{60}{2}$ = â‚¹ 30

The following table shows the statement of GST payable under each head by the wholesaler, distributor and retailer at the time of filing the return to the government:
 

Answer:

(1) If MV < FV, then the share is at discount.

Discount = FV − MV = Rs 100 − Rs 75 = Rs 25

So, the share is at discount of Rs 25.

Hence, the correct answer is option (B).

(2) Amount of dividend received per share = 50% of Rs 10 = $\frac{50}{100}\times 10$ = Rs 5

Hence, the correct answer is option (B).

(3) NAV of a unit in mutual fund scheme = Rs 10.65

Number of units to be bought = 500

∴ Total amount required = NAV of a unit in mutual fund scheme × Number of units to be bought = Rs 10.65 × 500 = Rs 5,325

Hence, the correct answer is option (A).

(4) Rate of GST on brokerage is 18%.

Hence, the correct answer is option (C).

(5) To find the cost of one share at the time of buying the amount of Brokerage and GST is to be added to the MV of share.

Hence, the correct answer is option (A).

Answer:

MV of the share = FV of the share + Premium = Rs 100 + Rs 30 = Rs 130

Brokerage = 0.3% of Rs 130 = $\frac{0.3}{100}\times 130$ = Rs 0.39

∴ Purchase price of the share = MV of the share + Brokerage = Rs 130 + Rs 0.39 = Rs 130.39

Thus, the purchase price of the share is Rs 130.39.

Answer:

FV of each share = Rs 100

MV of each share = Rs 180

Number of shares purchased = 50

Sum invested = Number of shares purchased × MV of each share = 50 × 180 = Rs 9,000

Dividend received on each share = 40% of FV of each share = 40% of Rs 100 = $\frac{40}{100}\times 100$ = Rs 40

Total dividend received = Number of shares purchased × Dividend received on each share = 50 × 40 = Rs 2,000

∴ Rate of return on investment = $\frac{\mathrm{Total} \mathrm{dividend} \mathrm{received}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{2000}{9000}\times 100\%$ = 22.2%

Thus, the rate of return on investment is 22.2%.

Answer:

MV of each share = FV of each share − Discount = Rs 100 − Rs 30 = Rs 70

Number of shares sold = 300

∴ Amount received on selling the shares = MV of each share × Number of shares sold = 70 × 300 = Rs 21,000

Thus, the amount received on selling the shares is Rs 21,000.

Answer:

Sum invested = Rs 60,000

MV of each share = Rs 120

∴ Number of shares received = $\frac{\mathrm{Sum} \mathrm{invested}}{\mathrm{MV} \mathrm{of} \mathrm{each} \mathrm{share}}=\frac{60000}{120}$ = 500

Thus, the number of shares received is 500.

Answer:

Amount invested = Rs 10,200

Market value of each share = Rs 100

∴ Number of shares purchased = $\frac{\mathrm{Amount} \mathrm{invested}}{\mathrm{Market} \mathrm{value} \mathrm{of} \mathrm{each} \mathrm{share}}=\frac{10200}{100}$ = 102

Brokerage paid for purchasing the shares = 0.1% of Rs 10,200 = $\frac{0.1}{100}\times 10200$ = Rs 10.20

Selling price of 60 shares = MV of each share × Number of shares = Rs 125 × 60 = Rs 7,500

Number of remaining shares = 102 − 60 = 42

Selling price of 42 shares = MV of each share × Number of shares = Rs 90 × 42 = Rs 3,780

Total money received on selling 102 shares = Rs 7,500 + Rs 3,780 = Rs 11,280

Total brokerage paid on selling the shares = 0.1% of Rs 11,280 = $\frac{0.1}{100}\times 11280$ = Rs 11.28

Net income of Smt. Mita Agarwal = Total money received on selling 102 shares − Total brokerage paid on 3 trades

= Rs 11,280 − (Rs 10.20 + Rs 11.28)

= Rs 11,258.52

Since net income of Smt. Mita Agarwal is more than the amount invested, so Smt. Mita Agarwal made profit.

Profit made = Amount invested − Net income = Rs 11,258.52 − Rs 10,200 = Rs 1,058.52

Thus, Smt. Mita Agarwal made profit of Rs 1,058.52.

Answer:

The face value of each share is Rs 100.

Market value of share of company A = Rs 132

Dividend = 12%

Dividend income = 12% of Rs 100 = Rs 12

Rate of return from company A = $\frac{\mathrm{Dividend} \mathrm{income}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{12}{132}\times 100\%=\frac{100}{11}\%=9\frac{1}{11}\%$


Market value of share of company B = Rs 144

Dividend = 16%

Dividend income = 16% of Rs 100 = Rs 16

​Rate of return from company B = $\frac{\mathrm{Dividend} \mathrm{income}}{\mathrm{Sum} \mathrm{invested}}\times 100\%=\frac{16}{144}\times 100\%=\frac{100}{9}\%=11\frac{1}{9}\%$

∴ Rate of return from company B > Rate of return from company A

Thus, the investment in company B is more profitable.

Answer:

Sum invested = Rs 50,118

Face value of each share = Rs 100

Market value of each share = Rs 50

Brokerage = 0.2%

Brokerage per share = 0.2% of Rs 50 = $\frac{0.2}{100}\times 50$ = Rs 0.1

GST per share on brokerage = 18% of Rs 0.1 = $\frac{18}{100}\times 0.1$ = Rs 0.018

Cost of 1 share = Market value of each share + Brokerage per share + GST per share on brokerage = Rs 50 + Rs 0.1 + Rs 0.018 = Rs 50.118

∴ Number of shares purchased = $\frac{\mathrm{Sum} \mathrm{invested}}{\mathrm{Cost} \mathrm{of} \mathrm{each} \mathrm{share}}=\frac{50118}{50.118}$ = 1000

Thus, the number of shares purchased is 1000.

Answer:

Selling price of the shares = Rs 30,350

Brokerage = 0.1%

Brokerage paid on selling the shares = 0.1% of Rs 30,350 = $\frac{0.1}{100}\times 30350$ = Rs 30.35

GST paid on brokerage = 18% of Rs 30.35 = $\frac{18}{100}\times 30.35$ = Rs 5.463

Expenditure on brokerage and tax paid on selling the shares = Rs 30.35 + Rs 5.463 = Rs 35.813


Purchase price of the shares = Rs 69,650

Brokerage = 0.1%

Brokerage paid on purchasing the shares = 0.1% of Rs 69,650 = $\frac{0.1}{100}\times 69650$ = Rs 69.65

GST paid on brokerage = 18% of Rs 69.65 = $\frac{18}{100}\times 69.65$ = Rs 12.537

Expenditure on brokerage and tax paid on purchasing the shares = Rs 69.65 + Rs 12.537 = Rs 82.187

∴ Total expenditure on brokerage and tax

= Expenditure on brokerage and tax paid on selling the shares + Expenditure on brokerage and tax paid on purchasing the shares

= Rs 35.813 + Rs 82.187

= Rs 118

Thus, the total expenditure on brokerage and tax is Rs 118.

Answer:

Face value of each share = Rs 100

Market value of each share = Rs 1,200

Number of shares purchased = 100

(1) Net amount paid for 100 shares = Market value of each share × Number of shares purchased = Rs 1,200 × 100 = Rs 1,20,000

(2) Rate of brokerage = 0.3%

∴ Brokerage paid on sum invested = 0.3% of Rs 1,20,000 = $\frac{0.3}{100}\times 120000$ = Rs 360

(3) GST paid on brokerage = 18% of Rs 360 = $\frac{18}{100}\times 360$ = Rs 64.80

(4) Total amount paid for 100 shares

= Net amount paid for 100 shares (or Sum invested) + Brokerage paid on sum invested + GST paid on brokerage

= Rs 1,20,000 + Rs 360 + Rs 64.80

= Rs 1,20,424.80

Answer:

Face value of each share = Rs 100

Market value of each share = Rs 660

Number of shares purchased = 22

∴ Amount invested = Market value of each share × Number of shares purchased = Rs 660 × 22 = Rs 14,520

Brokerage paid on purchasing the shares = 0.1% of Rs 14,520 = $\frac{0.1}{100}\times 14520$ = Rs 14.52

Total dividend received = Number of shares purchased × Dividend received on each share = 22 × $\frac{20}{100}\times 100$ = Rs 440

Selling price of each share = Rs 650

∴ Selling price of 22 shares = Rs 650 × 22 = Rs 14,300

Brokerage paid on selling the shares = 0.1% of Rs 14,300 = $\frac{0.1}{100}\times 14300$ = Rs 14.30

∴ Total brokerage paid = Brokerage paid on purchasing the shares + Brokerage paid on selling the shares = Rs 14.52 + Rs 14.30 = Rs 28.82

Net income of Smt. Anagha Doshi = Total money received on selling 22 shares + Total dividend received − Total brokerage paid

= Rs 14,300 + Rs 440 − Rs 28.82

= Rs 14,711.18

Since net income of Smt. Anagha Doshi is more than the amount invested, so Smt. Anagha Doshi had profit.

Profit = Net income of Smt. Anagha Doshi − Amount invested = Rs 14,711.18 − Rs 14,520 = Rs 191.18

∴ Profit% = $\frac{\mathrm{Profit}}{\mathrm{Amount} \mathrm{invested}}\times 100\%=\frac{191.18}{14520}\times 100\%$ ≈ 1%  (answer to the nearest integer)

Thus, the profit percent in the share trading is 1% (answer to the nearest integer).