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Aptitude - Stocks and Shares - Discussion

Discussion Forum : Stocks and Shares - General Questions (Q.No. 14)
Stocks and Shares
14.
The cost price of a Rs. 100 stock at 4 discount, when brokerage is 1 % is:
4
Rs. 95.75
Rs. 96
Rs. 96.25
Rs. 104.25
Answer: Option
Explanation:

C.P. = Rs. 100 - 4 + 1 = Rs. 96.25
4

Discussion:
15 comments Page 1 of 2.
Zax said:   4 years ago
Brokerage value calculated on the market value. Am I right?
(2)
Hardik said:   1 decade ago
Please Explain.
Shraddha said:   1 decade ago
4% discount on 100 Rs = 4/100*100 = 4 Rs.

Discount = 100-4 = 96 Rs.

Broker amount =1/4% = 1/4/100*100 = 1/4 Rs.

Then total Rupees = 96+1/4 = 96.25.
Sindhu said:   1 decade ago
Why you add the brokerage cost?
Chaitanya said:   1 decade ago
This is the approach I followed.
Please point out where I went wrong.

Brokerage amount = 1/4%.
Brokerage is calculated for the amount we pay. Not for the face value.

So,
Brokerage amount = 1/4% of Rs.96 = 0.24.
i.e. cost price = 96+0.24 = 96.24.
Vinod said:   1 decade ago
Why we should add brokerage value we deducted brokerage amount in the previous problem? Please any explain.
Rahul said:   1 decade ago
When stock is purchased, brokerage is added to cost price. It's given in the important formulas.
Majedul said:   8 years ago
Why is brokerage added in 13 and deducted in 14?

Please explain it.
Kinjal said:   8 years ago
There is no mention of stock being purchased in the question, so why is the brokerage added to the cost price!
Vijay said:   7 years ago
@Kinjal.

Since it is Cost price, we consider it as being purchased.
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