How much stock must be sold to realize Rs. 8190 from a stock at 118? (Brokerage 1%)

Rs. 7100
Rs. 7050
Rs. 6850
Rs. 7000

Correct Answer: Rs. 7000

Explanation:

8190 = [(118 - 1) / 100] x Amount of stock
∴ Amount of stock = (8190 x 100) / 117 = Rs. 7000

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