16.Find the annual income derived from Rs. 4500. 8% stock at 106. A) 400 B) 380 C) 350 D) 360 View Answer Report DiscussAnswer: Option DExplanation:Income from Rs. 100 stock = Rs. 8. Income from Rs. 4500 stock = Rs.(8/100) x 4500=360
17.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 View Answer Report DiscussAnswer: Option AExplanation: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
18.Find the cash required to purchase Rs. 4200, 7(1/2)% stock at 107 (brokerage 1/2 %) A) 4515 B) 4500 C) 4514 D) 4550 View Answer Report DiscussAnswer: Option AExplanation:Cash required to purchase Rs. 100 stock = Rs.(107+(1/2))= Rs 215/2 Cash required to purchase Rs. 4200 stock = Rs.( (0215/2) x (1/100) X 4200 )=4515
19.Find the cost of: Rs. 7400, 10% stock at 15 discount. A) 6200 B) 6280 C) 6290 D) 7000 View Answer Report DiscussAnswer: Option CExplanation:Cost of Rs. 100 stock = Rs. (100 - 15) = Rs. 85. Cost of Rs. 6400 stock = Rs.(85/100) x 7400=6290
20.Find the cost of: Rs. 5000, 8.5% stock at 4 premium; A) 5000 B) 5200 C) 5100 D) 5500 View Answer Report DiscussAnswer: Option BExplanation:Cost of Rs. 100 stock = Rs. (100 + 4) = Rs. 104. Cost of Rs. 4500 stock = Rs.(104/100) x 5000=5200
