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Stocks and Shares Practice Test 1

Question : 5 of 40

Marks: +1, -0

The cost of Rs. 2600 stock at 105 is :

Solution: 👈: Video Solution

Concept:

Cost of stock is found by multiplying the face value by the market price percentage.

Explanation:

Market value of

\mathrm{Rs.}\ 100

stock

= \mathrm{Rs.}\ 105

So, cost of

\mathrm{Rs.}\ 2600

stock

= 2600 \times \frac{105}{100}

Calculate:

2600 \times 1.05 = 2730

Therefore, the required cost is

\mathrm{Rs.}\ 2730

Answer:

\mathrm{Rs.}\ 2730

, which is option B.

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