Nominal stock purchasable for a given cash outlay: How much nominal stock (₹) at 105 can be purchased for ₹1433.25?

Introduction / Context:Quoted price at 105 means ₹105 cash is needed for ₹100 nominal. Given a cash budget, we can compute the nominal amount acquired by dividing by 1.05.

Given Data / Assumptions:

• Cash available = ₹1433.25.
• Quote = 105 ⇒ Price per ₹100 nominal = ₹105.

Concept / Approach:Nominal purchased N satisfies: Cash = (105/100) * N = 1.05 * N. Hence N = Cash / 1.05.

Step-by-Step Solution:N = 1433.25 / 1.05 = ₹1365.

Verification / Alternative check:Check: 1365 * 1.05 = 1433.25. Multiplication confirms exactness.

Why Other Options Are Wrong:

• Values other than ₹1365 fail the precise division by 1.05.

Common Pitfalls:

• Treating 105 as a rupee amount for ₹1 nominal instead of per ₹100 nominal; always convert to a multiplier 1.05.

Final Answer:Rs. 1365