ABC26GN5233 · Stocks and Shares

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

Find the cost of 96 shares of ₹ 10 each at $\frac{3}{4}$ discount, brokerage being $\frac{1}{4}$ per share.
Answer
Answer (as printed):
Explanation
Cost of 1 share $=₹\left[\left(10-\frac{3}{4}\right)+\frac{1}{4}\right]=₹\frac{19}{2}$. Cost of 96 shares $=₹\left(\frac{19}{2}\times96\right)=₹912$.

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

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