48.
|
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being %, is:
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A.
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Rs. 108.25
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B.
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Rs. 112.20
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C.
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Rs. 124.75
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D.
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Rs. 125.25
|
|
Answer: Option C
Explanation:
For an income of Rs. 756, investment = Rs. 9000.
For an income of Rs.
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21
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, investment = Rs.
|
|
9000
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x
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21
|
|
= Rs. 125.
|
2
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756
|
2
|
For a Rs. 100 stock, investment = Rs. 125.
Market value of Rs. 100 stock = Rs.
|
|
125 -
|
1
|
|
= Rs. 124.75
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4
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