Stocks and Shares - Arithmetic Aptitude Questions and Answers

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The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being \(\frac { 1 } { 4 } \)% is:

Rs. 108.25

Rs. 112.20

Rs. 124.75

Rs. 125.25

Answer : Option C

Explanation :

For an income of Rs. 756, investment = Rs. 9000.

For an income of Rs.\( \frac {2 1 } { 2 } \),investment = Rs\( [\frac { 9000 } { 756 } *\)\( \frac {2 1 } { 2 } \)]= Rs. 125.

For a Rs. 100 stock, investment = Rs. 125.

Market value of Rs. 100 stock = Rs[125-\( \frac { 1 } {4 } ]\)= Rs. 124.75

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