Find the cost of Rs.6400, 8% stock at par (brokerage 1/8%)

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04 Dec 2015 Stock and Shares

Find the cost of Rs.6400, 8% stock at par (brokerage 1/8%)

OPtion

1) Rs.6412
2) Rs.6416
3) Rs.6402
4) Rs.6404
5) Rs.6408
6) Rs.6418
7) Rs.6424
8) Rs.6420
9) Rs.6410
10)Rs.6450

Solution

C.P of Rs.100 stock = Rs.(100 + 1/8) = Rs. 801/8
C.P. of Rs. 6400 stock = Rs.(801*6400 / 8*100)
= Rs. 6408
Option 5)

Correct Option: 5 Best Solution (0)