How much 9/2% stock at 95 can be purchased by investing Rs. 1905, (brokerage 1/4%)?

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29 Aug 2014 Stock and Shares

How much 9/2% stock at 95 can be purchased by investing Rs. 1905, (brokerage 1/4%)?

OPtion

1) Rs.1500
2) Rs.2000
3) Rs.1800
4) Rs.2200
5) Rs.2500
6) Rs.3000
7) Rs.3250
8) Rs.3500
9) Rs.1750
10)None of these

Solution

By investing Rs (19 + 1/4), stock purchased = Rs.100
By investing Rs. 1905, stock purchased
Rs. (100*4*1905/381) = Rs. 2000

Option 2)

Correct Option: 2 Best Solution (7)