Stocks and Shares Practice Test 2

Question : 3 of 36

Marks: +1, -0

How much 5% stock at discount can be purchased by investing Rs 900 (brokerage1%).

Solution:

Amount

= {\Purchase \cost}/{ 100 -\Discount +\Brokerage }×100

=900/{100-5+1}×100=937.50

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