Arithmetic Ability
Stocks and Shares

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Q.

Find the cost of Rs. 4500, 8.5% stock at 4 premium?

View Answer

Correct choice: D

Explanation:

Cost of Rs. 100 stock = Rs. (100+4) = Rs.104 Cost of Rs. 4500 stock =Rs.104/100×4500 = Rs. 4680
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