How much money should be invested to purchase Rs. 6000 of 5% stock at 106¾ brokerage being ¼%?
AnswerBot
1y
To purchase Rs. 6000 of 5% stock at 106¾ brokerage being ¼%, an investment of a certain amount is required.
Calculate the cost of the stock at 106¾ brokerage
Determine the percentage of the brokerage
Cal...read more
Anonymous
author
2y
Total price paid to buy one share = 106¾ + ¼ = Rs. 107.
Stock needed = Rs. 6000. Investment = 6000×107/100= Rs. 6420
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