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

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


Rs. 1848.


Rs. 1948.


Rs. 1748.


Rs. 2048.

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.

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