Stocks and Shares Practice Test 1

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Question : 2 of 40

Marks: +1, -0

Find the last purchase of 70 shares of Rs 10 each at

3/7

discount, brokerage being

1/7

per share.

Rs 665
Rs 680
Rs 612
Rs 900
None of these

Solution:

Market Value = Purchase Cost (Value of share - Discount + Brokerage)

=70(10-3/7+1/7)=70×68/7=680

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