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The cost price of a Rs. 100 stock at 4 discount, when brokerage is 1 % is: 4

Rs. 95.75
Rs. 96
Rs. 96.25
Rs. 104.25

Correct Answer: Rs. 96.25

Explanation:

C.P. = Rs.	❨	100 - 4 +	1	❩	= Rs. 96.25
			4

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