Aptitude - Stocks and Shares - Discussion
Discussion Forum : Stocks and Shares - General Questions (Q.No. 14)
14.
| The cost price of a Rs. 100 stock at 4 discount, when brokerage is | 1 | % | is: |
| 4 |
Answer: Option
Explanation:
| C.P. = Rs. |  |
100 - 4 + | 1 |  |
= Rs. 96.25 |
| 4 |
Discussion:
15 comments Page 2 of 2.
Vinod said:
1 decade ago
Why we should add brokerage value we deducted brokerage amount in the previous problem? Please any explain.
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.
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.
Sindhu said:
1 decade ago
Why you add the brokerage cost?
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.
Discount = 100-4 = 96 Rs.
Broker amount =1/4% = 1/4/100*100 = 1/4 Rs.
Then total Rupees = 96+1/4 = 96.25.
Hardik said:
1 decade ago
Please Explain.
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