Lessons

General Aptitude
16.1 Stocks and Shares - General Questions

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Q.

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 1/4%, is:

View Answer

Correct choice: C

Explanation:

For an income of Rs. 756, investment = Rs. 9000.

For an income of Rs. 21 , investment = Rs. 9000 x 21 = Rs. 125.
2 756 2

∴ For a Rs. 100 stock, investment = Rs. 125.

Market value of Rs. 100 stock = Rs. 125 - 1 = Rs. 124.75
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