Find the cost of 96 shares of Rs. 10 each at 34 discount, brokerage being 1/4 pe

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Question
Find the cost of 96 shares of Rs. 10 each at 34 discount, brokerage being 1/4 per share.
Options
A. 912
B. 921
C. 920
D. 900

Correct Answer

912

Explanation

Cost of 1 share = $R s . [(10 - \frac{3}{4}) + \frac{1}{4}] = R s \frac{19}{2}$

Cost of 96 shares = $R s . (\frac{19}{2} * 96)$ = Rs. 912.

Stocks and Shares problems

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1. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
Options
A. 107.04
B. 648
C. 500
D. 648.60

2. Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?
Options
A. Both are equally good
B. 9 3/4% stock at 117
C. Cannot be compared, as the total amount of investment is not given
D. 11% stock at 143

3. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
Options
A. Rs. 145
B. Rs. 245.1
C. Rs. 96
D. Rs. 75

4. A 12% stock yielding 10% is quoted at:
Options
A. 67
B. 110
C. 112
D. 120

5. A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?
Options
A. 4000
B. 4200
C. 4002
D. 4020

6. The cash realised on selling a 14% stock is Rs.106.25, brokerage being 1/4% is
Options
A. 123
B. 106
C. 100
D. 156

7. Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children?s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ?
Options
A. Rs. 34000
B. Rs. 31245
C. Rs. 24315
D. Rs. 28000

8. 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 :
Options
A. Rs.108.25
B. Rs.112.20
C. Rs.124.75
D. Rs.125.25

9. A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
Options
A. 3:5
B. 2:1
C. 16:15
D. 4:5

10. A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase a stock worth of :
Options
A. Rs.80
B. Rs.115.20
C. Rs.120
D. Rs.125.40

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