Maharashtra Board Class 10 Math Part – 1 Solution Chapter 4 Practice Set 4.4 – Financial Planning
Balbharati Maharashtra Board Class 10 Math Part – 1 Solution Chapter 4: Financial Planning. Marathi or English Medium Students of Class 10 get here Financial Planning full Exercise Solution.
Std | Maharashtra Class 10 |
Subject | Math Part 1 Solution |
Chapter | Financial Planning |
Practice Set | 4.4 |
Practice Set 4.4
(1) Market value of a share is ₹200. If the brokerage rate is 0.3% then find the purchase value of the share.
Solution:
MV of share = ₹200
Brokerage = 0.3%
∴ Brokerage value share = 0.3/200 × 100
= ₹ 0.6
∴ Purchase value of each share
= MV + brokerage
= 200 + 0.6
= ₹200.6
(2) A share is sold for the market value of ₹1000. Brokerage is paid at the rate of 0.1%. What is the amount received after the sale?
Solution:
Given,
M.V of share = ₹1000
Brokerage rate = 0.1%
∴ Brokerage purchase = 0.1/1000 × 1000
= ₹1
∴ Total value of each share = 100+1
= ₹1000
(3) Fill in the blanks given in the contract note of sale-purchase of shares.
(B – buy S – Sell)
No. of shares | MV of shares | Total value | Brokerage 0.2% | 9% CGST on brokerage | 9% SGST on brokerage | Total value of shares |
100 B | ₹ 45 | |||||
75 S | ₹ 200 |
Solution:
No. of shares | MV of shares | Total value | Brokerage 0.2% | 9% CGST on brokerage | 9% SGST on brokerage | Total value of shares |
100 B | ₹ 45 | ₹4500 | ₹9 | ₹0.81 | ₹0.81 | |
75 S | ₹ 200 | ₹15000 | ₹30 | ₹2.7 | ₹2.7 |
—–
Brokerage of each share for buying = 0.2/100 × 45
= ₹0.09
Total value of shares = 100×45 = ₹4500
∴ Total value per share = 45 + 0.09
= ₹ 45.09
∴ Total value of 100 shares = 45.09 × 100
= 4509
∴ Now, 9% CGST 0, brokerage
∴ Total brokerage fee of 100 shares
= 100 × 0.09
= ₹9
CGST = SGST on brokerage = 9/100 × 9
= ₹0.81
∴ Total value of all shares = 4509+0.81+0.81
= ₹45109.62
Now, For selling
MV = ₹200
Brokerage rate = 0.2%
∴ Brokerage per share = 0.2/100 × 200
= ₹0.4
Total value of share excluding brokerage
= 200×75
= ₹15000
Total brokerage for 75 shares = 0.4×75 = ₹30
9% CGST & 9% SGST on brokerage
∴ CGST on shares = 9/100 × 3
= ₹2.7
SGST on shares = ₹2.7
∴ Total value of all shares = 15000 – (30 + 2.7 + 2.7)
= ₹14964.6
(4) Smt. Desai sold shares of face value ₹100 when the market value was ₹50 and received ₹4988.20. She paid brokerage 0.2% and GST on brokerage 18%, then how many shares did she sell?
Solution:
Given, FV = ₹100
MV = ₹50
Total amount received = ₹4988.20
Brokerage rate = 0.2%
GST on brokerage = 18%
∴ Brokerage on each share = 0.2/100 × 50
= ₹ 0.1
∴ Let, the total number of shares bought be x.
∴ Total value of shares excluding brokerage = 50×x = ₹50x
∴ Total brokerage = x × 0.1
= ₹0.1x
GST on brokerage = 18/100 × 0.12
= ₹0.018x
∴ Total value of shares = 50x + (0.1x + 0.018x)
Or, 4988.20 = 49.882x [Since she sold her shares]
Or, x = 49882/49882
= 100
∴ She sold 100 shares.
(19) Mr. D’souza purchased 200 shares of FV ₹50 at a premium of ₹100. He received 50% dividend on the shares. After receiving the dividend he sold 100 shares at a discount of ₹10 and remaining shares were sold at a premium of ₹75. For each trade he paid the brokerage of ₹20. Find whether Mr. D’souza gained or incurred a loss? by how much?
Solution:
No. of shares purchased = 200
FV = ₹50 premium = ₹100
∴ MV = 50 + 100 = ₹150
Dividend rate = 50%
∴ Total amount invested = 150×200
= ₹30000
Now, dividend on each share = 50/100 × 50
= ₹25
∴ Dividend on 200 shares = 25×200
= ₹5000
Now, selling price of each share discount = 50-10
= ₹40
∴ He sold 100 shares at ₹40
∴ Total money received for 1st 100 shares = 100×40
= ₹4000
Now, he sold 100 rest shares at ₹75 premium.
∴ Selling price of 100 shares at ₹75 premium = ₹100 (50+75) = 100×125
= ₹12500
Now, Brokerage on each trade = ₹20
Mr. D’souza made total 3 trades.
1st was buying the shares
2nd was selling 100 shares at ₹10 discount
3rd was selling 100 shares at ₹25 premium.
∴ Total brokerage = 3×20 = ₹60
∴ Total money received by D’souza
= Total money received for 200 shares + dividend – brokerage
= 4000 + 12500 + 5000 – 60
= 21500 – 60
= ₹21440
Now, Total money invested by D’souza
= ₹30000
∴ he has —- a loss
Total amount lost by D’souza
= 30000 – 21440
= ₹8560
Here is your solution of Maharashtra Board Class 10 Math Part 1 Chapter 4 Financial Planning Practice Set 4.4 Solution
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