The cost price of a Rs.100 stock at 4 discount, when brokerage is 1/4% is:
View answer & explanation Ans: Rs.96.25
Correct Answer: Rs.96.25
A Rs.100 stock at 4 discount costs Rs.96 in the market, plus brokerage of 1/4% of Rs.100 = Rs.0.25, giving Rs.96.25.