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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 ¼%, is:

Rs. 108.25
Rs. 112.20
Rs. 124.75
Rs. 125.25

Correct Answer: Rs. 124.75

Explanation:

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

For an income of Rs.	21	, investment = Rs.	❨	9000	x	21	❩	= Rs. 125.
	2			756		2

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

Market value of Rs. 100 stock = Rs.	❨	125 -	1	❩	= Rs. 124.75
			4

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