A man invested Rs.83126870in Government paper at 8534and sold it at . Find his loss, if the brokerage is 1/8 (both ways)
Explanation:
Money invested in Rs. 100 stock = 8534+18=8578
Money received = 8312-18=8338
Loss on Rs. 8578=Rs. 8578-8338=Rs. 212
∴ Loss on Rs. 6870 = Rs. 2128578×6870=200
Hence, option (b).
» Your doubt will be displayed only after approval.
Help us build a Free and Comprehensive Preparation portal for various competitive exams by providing us your valuable feedback about Apti4All and how it can be improved.