Question

When shares are sold without considering GST, the Selling Price is given by:

Options

• \[ \text{Selling Price} = \text{Market Value} + \text{Brokerage} \]

• \[ \text{Selling Price} = \text{Market Value} - \text{Brokerage} \]

• \[ \text{Selling Price} = \text{Face Value} - \text{Brokerage} \]

• \[ \text{Selling Price} = \text{Market Value} + \text{GST on Brokerage} \]

Answer 1

When shares are sold, brokerage is deducted from the market value: \[ \text{Selling Price} = \text{Market Value} - \text{Brokerage} \]