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Find the cost of 96 shares of Rs. 10 each at (3/4) discount, brokerage being(1/4) per share.

Correct answer: B. 912

  • A. 812
  • B. 912
  • C. 1012
  • D. 1112

Explanation

The face value of 96 shares is 96 x Rs. 10 = Rs. 960. The discount is 96 x Rs. 0.75 = Rs. 72 and brokerage is 96 x Rs. 0.25 = Rs. 24, so the cost is Rs. 960 - Rs. 72 + Rs. 24 = Rs. 912. The likely trap is Rs. 812, which subtracts both the discount and brokerage instead of adding the 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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