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

Correct Answer: 2298

Explanation:

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.


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