ABC26GN5229 · Stocks and Shares

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

Find the cash realised by selling ₹ 2440, 9.5% stock at 4 discount (brokerage $\frac{1}{4}\%$).

Answer

Answer (as printed):

Explanation

By selling ₹100 stock, cash realised $=₹\left[(100-4)-\frac{1}{4}\right]=₹\frac{383}{4}$. By selling ₹2400 stock, cash realised $=₹\left(\frac{383}{4} \times \frac{1}{100} \times 2400\right)=₹2298$.

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

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