Arithmetic Ability
Stocks and Shares

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Q.

Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)

View Answer

Correct choice: B

Explanation:

By selling Rs. 100 stock , cash realised = Rs.[(100−4)−1/4]=Rs.383/4 By selling Rs. 2400 stock, cash realised =Rs.(383/4*1/100*2400) = Rs 2298.
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