Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 50

Q.  What is the CP of Rs 100 stock at 4 discount, with 1/5% brokerage?
- Published on 12 Jun 15

a. 99.6
b. 96.2
c. 97.5
d. 98.25

ANSWER: 96.2
 
Use the formula,
CP= 100 – discount + brokerage%
CP= 100-4+1/5
96.2

Thus the CP is Rs 96.2.

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