Find the cash required to purchase Rs. 3200, 7(1/2) % stock at 107(brokerage (1/2) %).
Correct answer: A. 3440
- A. 3440
- B. 4440
- C. 5440
- D. 6440
Explanation
The price of Rs. 3200 stock at 107 is Rs. 3200 x 107/100 = Rs. 3424. Brokerage at 1/2% of the nominal stock value is Rs. 3200 x 0.5/100 = Rs. 16, so the cash required is Rs. 3424 + Rs. 16 = Rs. 3440. The likely trap is Rs. 3424, which omits brokerage.
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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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