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.
Deis said:
5 years ago
Cost price=money with which we purchase or buy.
If the brokerage is mentioned, then we need to add brokerage to the selling price.
Here ,selling price=100- 4=96.
(4% discount).
Brokerage = 1/4 = .25.
Cost price = 96 + 0.25 = 96.25.
If the brokerage is mentioned, then we need to add brokerage to the selling price.
Here ,selling price=100- 4=96.
(4% discount).
Brokerage = 1/4 = .25.
Cost price = 96 + 0.25 = 96.25.
Suraj said:
5 years ago
Market value includes brokerage amount if given, whereas cost price never includes brokerage value because of this we need to add in case of this problem. Anyone clarify it.
Zax said:
4 years ago
Brokerage value calculated on the market value. Am I right?
Kick said:
3 years ago
@Zax.
When stock is purchased, the brokerage is added to the cost price.
When stock is purchased, the brokerage is added to the cost price.
Savan Rathod said:
2 months ago
Shouldn't it be 96.24? Please explain to me.
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