The market value of a 7.5% stock, in which an income of Rs. 143 is derived by investing Rs. 1700, br

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05 Feb 2019 Stocks

The market value of a 7.5% stock, in which an income of Rs. 143 is derived by investing Rs. 1700, brokerage being 1/2 %, is:

OPtion

1) 88.25
2) 88.66
3) 88.00
4) 89.21
5) 89.16
6) 88.96
7) 88.85
8) 88.45
9) 88.60
10) None of these

Solution

For an income of Rs. 143, investment = Rs. 1700

For an income of Rs. 7.5, investment = Rs. (1700/143) * 7.5 = 89.16
For a Rs. 100 stock, investment = Rs. 89.16

Market value of Rs. 100 stock = Rs. 89.16 - 0.5 = Rs. 88.66

Option 2)

Correct Option: 2 Best Solution (0)