The market value of a 7% stock, in which an income of Rs. 420 is derived by investing Rs. 6000, brok

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26 Jun 2019 Stocks

The market value of a 7% stock, in which an income of Rs. 420 is derived by investing Rs. 6000, brokerage being 3/4 %, is:

OPtion

1) 99.21
2) 99.84
3) 99.59
4) 99.15
5) 99.25
6) 99.96
7) 99.75
8) 99.46
9) 99.60
10) None of these

Solution

For an income of Rs. 420, investment = Rs. 6000

For an income of Rs. 7, investment = Rs. (6000/420) * 7 = 100
For a Rs. 100 stock, investment = Rs. 100

Market value of Rs. 100 stock = Rs. 100 - 0.75 = Rs. 99.25

Option 5)

Correct Option: 5 Best Solution (0)