the market value of a 10 5 stock in which an..., Rances & Games of Skill, General Mathematics

Question:The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being `1/4%,` is :

A Rs. 124.75 
B Rs. 125.25 
C Rs. 108.25 
D Rs. 112.20

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+ AnswerA

+ ExplanationFor an income of Rs. 756, investment = Rs. 9000

For an income of Rs.`21/2`, investment`= Rs. (9000/756 xx 21/2)`

     `= Rs. 125.`

:. For a Rs. 100 stock investment = Rs. 125.

Market value of Rs. 100 stock` =  Rs. (125 - 1/4)`

                                   `= Rs. 124. 75.`

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