The market value of a 10.5% stock, in which an income of Rs. 756 is derived by i

Question

The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being $\frac{1}{4}$ %, is :

Options:

A . Rs. 108.25

B . Rs. 112.20

C . Rs. 124.75

D . Rs. 125.25

Answer: Option C

For an income of Rs. 756, investment = Rs. 9000.

For an income of Rs. $\frac{21}{2}$ , investment = Rs. $\left(\frac{9000}{756}\times\frac{21}{2}\right)$ = Rs.125.

So, For a Rs. 100 stock, investment = Rs. 125.

Market value of Rs. 100 stock = Rs. $\left(125\times\frac{1}{4}\right)$ = Rs.124.75

Was this answer helpful ?

Next Question

More Questions on This Topic :

Question 1. The cost price of a Rs. 100 stock at 4 discount, when brokerage is $\frac{1}{4}$ % is :....

Question 2. Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total divi....much does he invest in 12% stock at Rs. 120?

Question 3. In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:....

Question 4. Which is better investment: 11% stock at 143 or $$9\frac{3}{4}$$% stock at 117?....

Question 5. A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $$13\frac{1}{2}$$. The rate of interest obtai....of dividend being $$13\frac{1}{2}$$. The rate of interest obtained is:

Question 6. A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of ....on his money. The market value of each share is:

Question 7. By investing in $$16\frac{2}{3}$$% stock at 64, one earns Rs. 1500. The investment made is:....

Question 8. A 6% stock yields 8%. The market value of the stock is:....

Question 9. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:....

Question 10. Rs. 9800 are invested partly in 9% stock at 75 and 10% stock at 80 to have equal amount of incomes. The investment in 9%....equal amount of incomes. The investment in 9% stock is:

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0