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How much stock at 105 can be purchased for Rs. 1433.25?

Rs. 1365
Rs. 1635
Rs. 1355
None of these

Correct Answer: Rs. 1365

Explanation:

1433.25 = Amount of stock x (105 / 100)
Amount of stock = (100 x 1433.25) / 105 = Rs. 1365

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