The market value of a 10.5 percent stock, in which an investment of Rs. 9000 yields an income of Rs. 756, with a brokerage of percent, is:
A. Rs. 108.25
B. Rs. 112.20
C. Rs. 124.75
D. Rs. 125.25
Answer:C
The market value of a 10.5 percent stock, in which an investment of Rs. 9000 yields an income of Rs. 756, with a brokerage of percent, is:
A. Rs. 108.25 B. Rs. 112.20 C. Rs. 124.75 D. Rs. 125.25
Explanation: For a salary of Rs. 756, the investment would be Rs. 9000.Investment = Rs. 9000/756x 21= Rs. 125 for a Rs. 21/2 income.Investment = Rs. 125 for a stock worth Rs. 100.The market value of a stock worth Rs. 100 is Rs. 125 - 1/4 = Rs. 124.75.