Discussion of Question with ID = 090 under Stocks-and-Shares

This is the discussion forum for this question. If you find any mistakes in the solution, or if you have a better solution, then this is the right place to discuss. A healthy discussion helps all of us, so you are requested to be polite and soft, even if you disagree with the views of others. The question and its current solution has also been given on this page.

Advertisement

Question

How much amount of money do I need to buy Rs. 1400 8% stock at Rs. 130? Take the brokerage to be 2%.

A

Rs. 1848.

B

Rs. 1948.

C

Rs. 1748.

D

Rs. 2048.

Soln.
Ans: a

The amount required to purchase Rs. 100 stock is $130 + 2$. So, for buying Rs. 1400 stock, the required cash is Rs. $(130 + 2)/100$ × 1400 = Rs. 1848.

Comments and Discussion