Nominal stock purchasable — cash ₹7350 at 105 quote: How much nominal stock (₹) can be purchased?

Introduction / Context:
Given a quote above par (105), cash buys less nominal than rupee-for-rupee. We compute nominal stock by dividing cash by the price factor 1.05.

Given Data / Assumptions:

• Cash available = ₹7350.
• Quote = 105 ⇒ price factor = 1.05 per ₹1 nominal.

Concept / Approach:
Nominal N satisfies 1.05 * N = 7350 ⇒ N = 7350 / 1.05.

Step-by-Step Solution:
N = 7350 / 1.05 = ₹7000.

Verification / Alternative check:
Check: 7000 * 1.05 = 7350. Exact match.

Why Other Options Are Wrong:

• ₹7500, ₹7200, ₹6800 are not the exact quotient by 1.05 for ₹7350.

Common Pitfalls:

• Mistaking a 105 quote as ₹105 per ₹1 nominal instead of per ₹100 nominal and not converting to factor properly.

Final Answer:
Rs. 7000