Maharashtra Board Class 10 Math Part 1 Solution Chapter 4 Practice Set 4.4 Financial Planning

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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Updated: January 12, 2022 — 4:36 pm

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