Calculate the total price for purchasing 96 shares, each with a face value of Rs. 10, sold at a discount of 3/4, and including a brokerage fee of 1/4 per share.

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Stocks and Shares Mcqs calculations for Mathematics Preparation with detailed explanation.

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Subject: Stocks and Shares Mcqsmathematics-mcqs › stocks-and-shares-mcqs
Published: 7 Oct 2019
Last updated: 28 May 2026

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Explanation

The effective cost per share is calculated by subtracting the discount from the face value and then adding the brokerage: (10 - 3/4) + 1/4 = 19/2 Rs. Multiplying this by 96 shares gives the total cost: (19/2) * 96 = Rs. 912.

Practice related questions from the same subject.

1.A man purchases shares with a face value of Rs. 25 that offer a 9% dividend. If his investment yields a 10% return, at what price did he acquire each share?
2.If a 6% stock is providing an 8% yield, what is the current market price of the stock?
3.What amount should be invested in 10% stock priced at Rs. 96 to earn an income of Rs. 650?
4.Calculate the yearly income earned by investing Rs. 6800 in a 10% stock priced at Rs. 136.
5.Maria invests Rs. 1620 in an 8% stock and receives Rs. 135 as income. What is the current market price of the stock?
6.Calculate the yearly income from Rs. 2,500 invested in 8% stock priced at 106.
7.A person purchases a 16% stock at a price of 128. What is the yield (interest) he receives on his investment?
8.Calculate the total amount of money needed to buy Rs. 3200 worth of 7.5% stock priced at 107, given a brokerage fee of 0.5%.

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Calculate the total price for purchasing 96 shares, each with a face value of Rs. 10, sold at a discount of 3/4, and including a brokerage fee of 1/4 per share.

Explanation

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