Quantitative Aptitude :: Stocks and Shares - Discussion
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Choose the correct option.
The cost price of a Rs.100 stock at 4 discount, when brokerage is 14% is :
ARs.96
BRs.96.25
CRs.104.25
DRs.95.75
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TRICK
Brokerage is always calculated on the Face Value.
So, Brokerage = ( 14 / 100 ) x 100
= Rs. 14
Now, Cost price will be the Market value.
So, Cost price = 4% decrease in Face Value + Brokerage
= [ ( 96 / 100 ) x 100 ] + 14
= Rs. ( 96 + 14 )
= Rs. 110
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