Stocks and Shares Practice Test 1

Question : 35 of 40

Marks: +1, -0

How much is lost by purchasing Rs. 7210 stock at 113 and selling it at 103?

Solution:

Loss = Rs. 113 – Rs. 103 = Rs. 10
Loss on Rs. 100 = Rs. 10
Loss on Rs. 7210 = Rs.

10/100 × 7210

= Rs. 721

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