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Find the cost of Rs. 4500, 8.5% stock at 4 premium?

1400
5000
4000
4680

Correct Answer: 4680

Explanation:

Cost of Rs. 100 stock = Rs. (100+4) = Rs.104

Cost of Rs. 4500 stock = $R s . \frac{104}{100} \times 4500$ = Rs. 4680

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