Find the cash required to purchase Rs. 1600, 17/2 % stock at 105. (Brokerage 1/2%)

• for 100 stock it required cash is 105+1/2
  because 1/2 is brokerage it is added to because of purchasing.
  so 100 stock purchased cash required is 105.5
  1600 stock purchased cash required is 1600*(105.5/100)=1688
  
• 10 years agoHelpfull: Yes(4) No(0)
• for 100 stock cash is 105+1/2
  100 stock - 105.5
  1600 stock -x
  solving we get x=1688 is the answer
  
• 10 years agoHelpfull: Yes(3) No(0)
• For Rs. 100 it will be (105 + 1/2)
  i.e Rs. 211/2
  then for Rs. 1600 it will be (211*1600)/(2*100) = Rs. 1688 (answer)
• 10 years agoHelpfull: Yes(1) No(1)