Stocks and Shares Practice Test 2

Question : 20 of 36

Marks: +1, -0

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

Solution:

Amount of stock

={\Cash \realised}/{100-\Discount-\Brokerage}×100

=1200/{100-5-1}×100=1276.59

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