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How much must 1 pay for Rs. 1365 stock at 104? (brokerage 1%)

Rs. 1433.50
Rs. 1344.25
Rs. 1433.25
None of these

Correct Answer: Rs. 1433.25

Explanation:

Required answer = Rs. 1365 x (104 + 1) / 100
= Rs. (1365 x 105) / 100
= Rs. 1433.25

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