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Aptitude - Stocks and Shares - Discussion

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"In the middle of difficulty lies opportunity."
- Albert Einstein
13.

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being %, is:

 [A]. Rs. 108.25 [B]. Rs. 112.20 [C]. Rs. 124.75 [D]. Rs. 125.25

Explanation:

For an income of Rs. 756, investment = Rs. 9000.

 For an income of Rs. 21 , investment = Rs. 9000 x 21 = Rs. 125. 2 756 2

For a Rs. 100 stock, investment = Rs. 125.

 Market value of Rs. 100 stock = Rs. 125 - 1 = Rs. 124.75 4

 Preethi said: (Tue, Feb 1, 2011 02:11:01 PM) How this 21/4 came?

 Fyaz said: (Sat, Feb 12, 2011 10:02:47 AM) Explain this question please.

 Arjun said: (Wed, Mar 9, 2011 02:10:20 PM) @Preethi 10.5=21/2 and not 21/4

 Lighty said: (Mon, Jan 30, 2012 11:34:57 PM) Kindly explain.

 Shyam said: (Sat, Feb 4, 2012 09:08:42 PM) I can not understand this question please explain it clearlly.