The market value of a 8.5% stock, in which an income of Rs. 1900 is derived by investing Rs. 11000,

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10 Jan 2019 Stocks

The market value of a 8.5% stock, in which an income of Rs. 1900 is derived by investing Rs. 11000, brokerage being 1/4 %, is:

OPtion

1) 48.25
2) 48.75
3) 49.00
4) 49.21
5) 48.50
6) 48.96
7) 48.85
8) 48.45
9) 48.60
10) None of these

Solution

For an income of Rs. 1900, investment = Rs. 11000

For an income of Rs. 8.5, investment = Rs. (11000/1900) * 8.5 = 49.21
For a Rs. 100 stock, investment = Rs. 49.21

Market value of Rs. 100 stock = Rs. 49.21 - 0.25 = Rs. 48.96

Option 6)

Correct Option: 6 Best Solution (0)