The market value of a 8.5% stock, in which an income of Rs. 341 is derived by investing Rs. 3900, br

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29 Nov 2018 Stocks

The market value of a 8.5% stock, in which an income of Rs. 341 is derived by investing Rs. 3900, brokerage being 3/4 %, is:

OPtion

1) 97.21
2) 97.40
3) 98.00
4) 96.15
5) 96.16
6) 97.96
7) 96.85
8) 96.46
9) 98.60
10) None of these

Solution

For an income of Rs. 341, investment = Rs. 3900

For an income of Rs. 8.5, investment = Rs. (3900/341) * 8.5 = 97.21
For a Rs. 100 stock, investment = Rs. 97.21

Market value of Rs. 100 stock = Rs. 97.21 - 0.75 = Rs. 96.46

Option 8)

Correct Option: 8 Best Solution (0)