Stocks and Shares Practice Test 2

Question : 1 of 36

Marks: +1, -0

How much stock must be sold to realise Rs. 8190 at

117 1 /8

(brokerage 1/8 %)?

Solution:

Net Market value =

117 1/8 – 1/8

= Rs. 117
Now, stock sold =

{8190 ×100}/117

= Rs. 7000

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