Stocks and Shares Practice Test 2

Question : 36 of 36

Marks: +1, -0

Find the cost of purchase of Rs 3,000,5% stock at 5 premium (brokerage 1/2%)

Solution:

Cost of purchase =

\Amount×{100+\Premium+\Brokerage}/100

=3000×{100+5+1/2}/100=3165

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