ABC26GN5227 · Stocks and Shares
Subject: General Aptitude · Chapter: Stocks and Shares · Exam: · Marks: · Difficulty:
Find the cost of (i) ₹ 7200, 8% stock at 90 (ii) ₹ 4500, 8.5% stock at 4 premium (iii) ₹ 6400, 10% stock at 15 discount
Answer
Explanation
(i) Cost of ₹100 stock = ₹90. Cost of ₹7200 stock = ₹$\left(\frac{90}{100} \times 7200\right)$ = ₹6480. (ii) Cost of ₹100 stock = ₹(100 + 4) = ₹104. Cost of ₹4500 stock = ₹$\left(\frac{104}{100} \times 4500\right)$ = ₹4680. (iii) Cost of ₹100 stock = ₹(100 − 15) = ₹85. Cost of ₹6400 stock = ₹$\left(\frac{85}{100} \times 6400\right)$ = ₹5440.
Explanation as extracted from the printed page; notation may be imperfect.
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