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**Excercise 2**

1. The cash released on selling a 14% stock is Rs.106.25, brokerage being 1/4% is

- 123
- 106
- 100
- 156

The Correct answer is :106

Cash released= (106.25-0.25) = Rs 106

2. A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase a stock worth of :

- Rs.80
- Rs.115.20
- Rs.120
- Rs.125.40

The Correct answer is :Rs.115.20

For an income of Rs. 10, investment =Rs. 96.

For an income of Rs. 12, investment = Rs ${\left(\begin{array}{c}\frac{96}{10}\times12\end{array}\right)}$ = Rs 115.20

3. Find the cost of Rs. 4500, 8.5% stock at 4 premium?

- 1400
- 5000
- 4000
- 4680

The Correct answer is :4680

Cost of Rs. 100 stock = Rs.(100+4)=104

Cost of Rs. 4500 stock =Rs${\frac{104}{100}\times2500}$= Rs 4680

4. Find the annual income derived from Rs. 2500, 8% stock at 106?

- 100
- 200
- 150
- 250

The Correct answer is :200

Income from Rs. 100 stock = Rs.8

Income from Rs. 2500 stock =${ \frac{8}{100}\times2500}$ =Rs 200

5. Find the annual income derived by investing Rs. 6800 in 10% stock at 136.

- Rs.500
- Rs.100
- Rs.520
- Rs.340

The Correct answer is :Rs.500

By investing Rs.136, income obtained = Rs. 10

By investing Rs 6800, income obtained = ${ \frac{10}{36}\times}$6800 = Rs 500

6. Find the cost of Rs. 6400, 10% stock at 15 discount?

- 2000
- 5440
- 6000
- 5140

The Correct answer is :5440

Cost of Rs. 100 stock =(100-15)

Cost of Rs. 6400 stock =${ \frac{85}{100}\times6400}$ =Rs 5440

7. A man buys Rs.50 shares in a company which pays 10% dividend. If the man gets 12.5% on his investments, at what price did he buy the shares?

- Rs.37.50
- Rs.40
- Rs.48
- Rs.52

The Correct answer is :Rs.40

Dividend on 1 share Rs = ${\frac{10}{100}\times}$50 = Rs 5

Rs.5 is an income on an investments of Rs = ${\frac{100\times2}{25\times5}}$ = Rs. 40.

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