100+ Problems on Stocks and Shares Questions and Answers - 2

Question: 6

How many shares of market value Rs. 25 each can be purchased for Rs. 12750, brokerage being 2%?

(A) 400

(B) 450

(D) 600

View Answer

Ans: C

C.P. of each share = Rs. (25 + 2% of 25) = Rs. 25.50.

∴ Number of shares = $$({12750} / {25.50})$$ = 500.

Question: 7

Find the annual income derived from Rs.2500, 8% stock at 106.

(A) Rs. 100

(B) Rs. 200

(D) Rs. 400

View Answer

Ans: B

Income from Rs. 100 stock = Rs. 8.

Income from Rs. 2500 stock = Rs. $$({8} / {100} × 2500)$$ = Rs. 200.

Question: 8

A person buys $$9{1/2}$$% stock of Rs. 72000 at 144. Find his annual income.

(A) Rs. 6640

(B) Rs. 6640

(D) Rs. 6900

View Answer

Ans: C

Face value of the stock = Rs. 72000

∴ Income on stock = Rs. $$({72000} / {100} × {19} / {2})$$ = Rs. 6840.

Question: 9

By investing Rs.1620 in 8% stock, Michael earns Rs.135. The stock is then required at

(A) Rs. 70

(B) Rs. 80

(D) Rs. 106

View Answer

Ans: C

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment = Rs. $$({1620} / {135} × 8)$$ = Rs. 96.

∴ Market value of Rs. 100 stock = Rs. 96.

Question: 10

The cost price of a Rs. 100 stock at 4 discount, when brokerage is $${1} / {4}$$% is

(A) Rs. 95.75

(B) Rs. 96

(D) Rs. 96.25

View Answer

Ans: D

C.P. = Rs. $$(100 – 4 + {1} / {4})$$ = Rs. 96.25.

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100+ Problems on Stocks and Shares Questions and Answers - 2

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