When brokerage is 1%, the cost price of a Rs. 100 stock at a 1/4 discount is:
A. Rs. 95.75
B. Rs. 96
C. Rs. 96.25
D. Rs. 104.25
Answer:C
When brokerage is 1%, the cost price of a Rs. 100 stock at a 1/4 discount is:
A. Rs. 95.75 B. Rs. 96 C. Rs. 96.25 D. Rs. 104.25
Explanation: C.P. Rs. 96.25 = Rs. 100 - 4 + 1/4