Discussion Forum



1)

Find the cash realised by selling Rs. 3440, 9.5% stock at 4 discount ( brokerage 1/4 % )


A) 3255.5

B) 3250

C) 3255

D) 3200

Answer:

Option A

Explanation:

By selling Rs. 100 stock, cash realised = Rs. [ (100-4) -(1/4)]=Rs 383/4

By selling Rs. 3400 stock, cash realised = Rs.( (383/4) x (1/100) x 3400=3255.5