Find the market value of an 8.5% stock, in which an income of Rs. 750 is derived by investing Rs. 12

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07 Mar 2017 Stocks

Find the market value of an 8.5% stock, in which an income of Rs. 750 is derived by investing Rs. 12000, brokerage being 1/4 %, is:

OPtion

1) Rs. 131.75
2) Rs. 132.25
3) Rs. 132.75
4) Rs. 133.25
5) Rs. 133.75
6) Rs. 135.0
7) Rs. 135.25
8) Rs. 135.75
9) Rs. 136.00
10) Rs. 136.25

Solution

Answers: Rs 135.75

For an income of Rs. 750, investment = Rs. 12000.

For an income of Rs.8.5 investment =.(12000/750)*8.5 = 136

This means for a Rs. 100 stock, investment = Rs. 136

Market value of Rs. 100 stock =136 – 0.25 = 135.75

Correct Option: 8 Best Solution (4)