Question:Find the cash realised by selling Rs. 2400, 9.5% stock at 4 discount` (brokerage 1/4%)`
Answer By selling Rs. 100 stock, cash realised `= Rs. [(100 - 4) - 1/4]` `= Rs. 383/4` By selling Rs. 2400 stock, cash realised ` = Rs.(383/4 xx 1/100 xx 2400)` =Rs. 2298.
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Find the cash realised by selling Rs. 2400, 9.5% stock at 4 discount` (brokerage 1/4%)`