The market value of a 10.5% stock, in which an income of Rs. 1020 is derived by investing Rs. 17000,

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10 Aug 2017 Stocks & Shares

The market value of a 10.5% stock, in which an income of Rs. 1020 is derived by investing Rs. 17000, brokerage being 3/4 %, is:

OPtion

1) 176.75
2) 174.25
3) 175.00
4) 175.50
5) 175.75
6) 175.25
7) 176.50
8) 174.00
9) 174.75
10) None of these

Solution

For an income of Rs. 1020, investment = Rs. 17000.

For an income of Rs. 10.5, investment = Rs. (17000/1020) * 10.5 = 175
For a Rs. 100 stock, investment = Rs. 175

Market value of Rs. 100 stock = Rs. 175 - 0.75 = Rs. 174.25

Correct Option: 2 Best Solution (7)