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  1. How much 41/2% stock at 95 can be purchased by investing Rs. 1950 ? (Brokerage 1/4%)
    1. Rs. 2000
    2. Rs. 2500
    3. Rs. 2200
    4. Rs. 2350
Correct Option: A

We put market value i.e. 95 in place of (100 - discount), in this case.
Required answer = [1905 / (95 + 1/4)] x 100 = Rs. 2000


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