Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)

Q: Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)

By selling Rs. 100 stock , cash realised = R s . 100 - 4 - 1 4 = R s . 383 4 By selling Rs. 2400 stock, cash realised = R s . 383 4 * 1 100 * 2400 = Rs 2298.

2000
2298
2290
2289

Correct Answer: 2298

Explanation:

By selling Rs. 100 stock , cash realised = $R s . 100 - 4 - \frac{1}{4} = R s . \frac{383}{4}$

By selling Rs. 2400 stock, cash realised = $R s . \frac{383}{4} * \frac{1}{100} * 2400$ = Rs 2298.

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