Question:Find the cash required to purchase `Rs.3200,7 1/2%` stock at 107 `(brokerage 1/2%)`
Answer Cash required to purchase Rs. 100 stock ` = Rs.(107 + 1/2) = Rs.215/2.` Cash required to purchase Rs. 3200 stock ` = Rs. (215/2 xx 1/100 xx 3200)` `= Rs. 3440.`
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Find the cash required to purchase `Rs.3200,7 1/2%` stock at 107 `(brokerage 1/2%)`