Stocks and Shares Practice Test 1

Question : 20 of 40

Marks: +1, -0

How much stock should be sold to realize Rs 1,200, from 6% stock at 5 premium (brokerage 1%)?

Solution:

Amount of stock

={\Cash \realised }/{100 +\Premium -\Brokerage }×100

=1200/{100+5-1}×100=1153.84

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