Discussion Forum



1)

Find the cost of :

(i)  Rs. 7500, 8% stock at 90;


A) 6750

B) 7750

C) 6000

D) 6700

Answer:

Option A

Explanation:

Cost of Rs. 100 stock = Rs. 90.

Cost of Rs. 7500 stock = Rs.(90/100) x 7500=6750