Stocks and Shares Practice Test 1

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Question : 6 of 40

Marks: +1, -0

Find the cost of 96 shares of Rs. 10 each at

3 /4

discount, brokerage being

1/4

per share.

Rs. 900
Rs. 910
Rs. 912
Rs. 915

Solution:

Cost of 1 share

=(10-3/4)+1/4=\Rs. 9 1/2

Hence, cost of 96 shares

=96×19/2=\Rs. 912

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