The market value of a 17.5% stock, in which an income of Rs. 660 is derived by investing Rs. 16500,

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05 Oct 2017 Stocks & Shares

The market value of a 17.5% stock, in which an income of Rs. 660 is derived by investing Rs. 16500, brokerage being 3/4 %, is:

OPtion

1) 456.75
2) 446.25
3) 437.50
4) 456.25
5) 446.50
6) 437.25
7) 456.50
8) 436.75
9) 446.75
10) None of these

Solution

For an income of Rs. 660, investment = Rs. 16500

For an income of Rs. 17.5, investment = Rs. (16500/660) * 17.5 = 437.5
For a Rs. 100 stock, investment = Rs. 437.5

Market value of Rs. 100 stock = Rs. 437.5 - 0.75 = Rs. 436.75

Correct Option: 8 Best Solution (4)