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Discussion :: Stocks and Shares

  1. What is the cost price of a Rs. 100 stock at 6 discount, when the brokerage is 2 %?

    2. A.
    98
    B.
    99
    C.
    96
    D.
    97

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    Answer : Option C

    Explanation :

    Face value = 100
    Discount 6%
    Brokerage = 2%
    So, cost price = 100 - 6 + 2 = Rs. 96

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