Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)
A) 2000 B) 2298 C) 2290 D) 2289
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Answer:
the correct answer is option is B
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Step-by-step explanation:
by selling Rs. 100 stock, cash realised= Rs. [(100-4)-1/4]= Rs. 383/4
by selling Rs. 2440 stock,cash realised =(383/4×1/100×2440) = Rs 2336.3
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