Discussion :: Stocks and Shares

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being \(\frac { 1 } { 4 } \)% is:
Answer : Option C
Explanation :
For an income of Rs. 756, investment = Rs. 9000.
For an income of Rs.\( \frac {2 1 } { 2 } \),investment = Rs\( [\frac { 9000 } { 756 } *\)\( \frac {2 1 } { 2 } \)]= Rs. 125.
For a Rs. 100 stock, investment = Rs. 125.
Market value of Rs. 100 stock = Rs[125\( \frac { 1 } {4 } ]\)= Rs. 124.75
Be The First To Comment