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Stocks and Shares
Find the cost of Rs. 15000, 5 1/ 2%, stock at 99? (Brokerage 1%)
Rs. 15000
Rs. 12500
Rs. 13000
None of these
Correct Answer:
Rs. 15000
Explanation:
Rs. 15000 x (99 + 1)/100 = Rs. 15000
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