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The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 14 % is :

Correct Answer: Rs.124.75

Explanation:

For an income of Rs.756, investment = Rs.9000 


 


For an income of Rs. 21 2 , investment =  R s . 9000 756 * 21 2  = Rs.125 


 


For a Rs.100 stock, investment = Rs.125.


 


Market value of Rs. 100 stock  =  R s . 125 - 1 4  = Rs. 124.75


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