Stocks and Shares Practice Test 2

Question : 9 of 36

Marks: +1, -0

Find the cost of purchase of Rs 2,500,5% stock at 4 discount (brokerage 1/2%).

Solution:

Cost of purchase

=\Amount×\text"100- Discount +Brokerage"/100

=2500×{100-4+1/2}/100=2412.50

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