Question

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

Answer 1

Answer:

✡ Correct Question ✡

$\leadsto$ The market value of a 10.5% stock in which an income of Rs 756 is derived by investing Rs 9000, brokerage being $\dfrac{1}{4}$% is.

✡ Given ✡

$\leadsto$ The market value of a 10.5% stock in which an income of Rs 756 is derived by investing Rs 9000, brokerage being $\dfrac{1}{4}$%.

✡ To Find ✡

$\leadsto$ What was the market value of Rs100 stock.

✡ Solution ✡

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

✏ For an income of Rs $\dfrac{21}{2}$, investment = ($\dfrac{9000}{756}$ × $\dfrac{21}{2}$) = Rs 125.

Therefore, for a Rs 100 stock, investment = Rs 125.

Hence, the market value of Rs 100 stock,

$\implies$ Rs ( 125 - $\dfrac{1}{4}$)

$\implies$ Rs 124.75

Hence, the market value of Rs 100 stock is Rs 124.75

Step-by-step explanation:

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