1) Find the market value of a 6% stock in which an income of Rs. 300 is derived by investing Rs. 1,220 brokerage being (1/4) % A) 25 B) 24.50 C) 24.15 D) 26 Answer: Option CExplanation:(Anunal Income / rate %)= Inverstment / ( Market value + bro ker age) there for (300/6)= 1220/ (Market Value + (1/4)) Market Value+ (1/4)=24.4 => Market Value= 24.4 - (1/4)= Rs. 24.15
