Discussion of Question with ID = 010 under Stocks-and-Shares

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Question

How much amount of money do I need to buy Rs. 1700 14% stock at Rs. 115? Take the brokerage to be 2%.

A

Rs. 1989.

B

Rs. 2089.

C

Rs. 1889.

D

Rs. 2189.

Soln.
Ans: a

The amount required to purchase Rs. 100 stock is $115 + 2$. So, for buying Rs. 1700 stock, the required cash is Rs. $(115 + 2)/100$ × 1700 = Rs. 1989.


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