ABC26GN5228 · Stocks and Shares

Subject: General Aptitude · Chapter: Stocks and Shares · Exam: · Marks: · Difficulty:

Find the cash required to purchase ₹ 3200, $7\frac{1}{2}\%$ stock at 107 (brokerage $\frac{1}{2}\%$).
Answer
Answer (as printed):
Explanation
Cash required to purchase ₹100 stock $=₹\left(107+\frac{1}{2}\right)=₹\frac{215}{2}$. Cash required to purchase ₹3200 stock $=₹\left(\frac{215}{2} \times \frac{1}{100} \times 3200\right)=₹3440$.

Explanation as extracted from the printed page; notation may be imperfect.

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