Stocks and Shares
 Find what sum of money 1 must invest in a 10 per cent stock at 102 to obtain an income of Rs. 400 per year ?

View Hint View Answer Discuss in Forum
400 = (Ans / 102) x 10
or Ans = (102 x 400) / 10Correct Option: C
400 = (Ans / 102) x 10
or Ans = (102 x 400) / 10
∴ Ans = 102 x 40 = Rs. 4080
 How much money is obtained from the sale of Rs. 1700 stock at 106^{1}/_{4}% ?

View Hint View Answer Discuss in Forum
Required answer = [(1700 x 425) / 4] x 100
Correct Option: A
Required answer = [(1700 x 425) / 4] x 100
= Rs. 1806.25
 How much stock must be sold to realize Rs. 7350 from a stock at 105 ?

View Hint View Answer Discuss in Forum
7350 = (Amount of stock x 105 + 0) / 100
Correct Option: C
7350 = (Amount of stock x 105 + 0) / 100
∴ Amount of stock = (7350 x 100) / 105 = Rs. 7000
 What rate % is obtained by investing in 7% at 5 discount ? (Brokerage 1/4 %)

View Hint View Answer Discuss in Forum
Required answer = [7 / (100  5 + 0.25)] x 100
Correct Option: A
Required answer = [7 / (100  5 + 0.25)] x 100 = 7.349
= 7.35% (Approx. )
 Find the cost of 96 shares of Rs. 10 each at 3/4 discount brokerage being 1/4 per share ?

View Hint View Answer Discuss in Forum
Required answer = 96(10  3/4 + 1/4)
Correct Option: A
Required answer = 96(10  3/4 + 1/4) = Rs. 912