Question

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 14% is :

A) Rs.108.25 B) Rs.112.20 C) Rs.124.75 D) Rs.125.25

Answer 1

Answer:

4Q:

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 14% is :

A) Rs.108.25

B) Rs.112.20

C) Rs.124.75

D) Rs.125.25

Answer: C) Rs.124.75

Explanation:

For an income of Rs.756, investment = Rs.9000

For an income of Rs.212, investment = Rs.(9000756*212) = Rs.125

For a Rs.100 stock, investment = Rs.125.

Market value of Rs. 100 stock = Rs.(125−14) = Rs. 124.75