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Q:

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

A) 123	B) 106
C) 100	D) 156

Answer & Explanation Answer: B) 106

Explanation:

Cash realised= Rs. (106.25 - 0.25)
= Rs. 106.

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Filed Under: Stocks and Shares

Q:

A box contains 100 balls, numbered from 1 to 100. If three balls are selected at random and with replacement from the box, what is the probability that the sum of the three numbers on the balls selected from the box will be odd?

A) 1/6	B) 1/3
C) 1/2	D) 1/4

Answer & Explanation Answer: C) 1/2

Explanation:

P(odd) = P (even) = $\frac{1}{2}$ 1(because there are 50 odd and 50 even numbers)

Sum or the three numbers can be odd only under the following 4 scenarios:

Odd + Odd + Odd = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Odd + Even + Even = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Even + Odd + Even = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Even + Even + Odd = $\frac{1}{2} * \frac{1}{2} * \frac{1}{2}$ = $\frac{1}{8}$

Other combinations of odd and even will give even numbers.

Adding up the 4 scenarios above:

= $\frac{1}{8}$ + $\frac{1}{8}$ + $\frac{1}{8}$ + $\frac{1}{8}$ = $\frac{4}{8}$ = $\frac{1}{2}$

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Filed Under: Probability

Q:

A number X is chosen at random from the numbers -3, -2, -1, 0, 1, 2, 3. What is the probability that |X|<2

A) 3/7	B) 3/4
C) 4/5	D) 5/7

Answer & Explanation Answer: A) 3/7

Explanation:

X can take 7 values.
To get |X|+2) take X={−1,0,1}

=> P(|X|<2) = Favourable CasesTotal Cases = 3/7

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Q:

A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?

A) 4000	B) 4200
C) 4002	D) 4020

Answer & Explanation Answer: B) 4200

Explanation:

S.P of Rs. 5000 stock = $R s . (\frac{156}{100} * 5000)$ = Rs. 7800.

Income from this stock = $R s . (\frac{12}{100} * 5000)$ = Rs. 600.

Let investment in 8 % stock be x and that in 9 % stock = (7800 - x).

Therefore,

$(x * \frac{8}{90}) + (7800 - x) * \frac{9}{108} = [600 + 70]$

$\frac{4 x}{45} + \frac{7800 - x}{12} = 670 \Leftrightarrow x = 3600$

Therefore, Money invested in 8 % stock at 90 = Rs. 3600.

Money invested in 9 % at 108 = Rs. (7800-3600) = Rs. 4200.

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Filed Under: Stocks and Shares

Q:

A man buys Rs. 25 shares in company which pays 9 % dividend. The money invested is such that it gives 10 % on investment. At what price did he buy the shares?

A) 22.50	B) 22
C) 20.45	D) 12.50

Answer & Explanation Answer: A) 22.50

Explanation:

Suppose he buys each share for Rs. x.

Then, $R s . (25 * \frac{9}{100}) = (x * \frac{10}{10})$ or x = Rs. 22.50.

Cost of each share = Rs. 22.50.

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Filed Under: Stocks and Shares

Q:

Find the cost of 96 shares of Rs. 10 each at $\frac{3}{4}$ discount, brokerage being 1/4 per share.

A) 912	B) 921
C) 920	D) 900

Answer & Explanation Answer: A) 912

Explanation:

Cost of 1 share = $R s . [(10 - \frac{3}{4}) + \frac{1}{4}] = R s \frac{19}{2}$

Cost of 96 shares = $R s . (\frac{19}{2} * 96)$ = Rs. 912.

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Filed Under: Stocks and Shares

Q:

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

A) 250	B) 1500
C) 500	D) 50

Answer & Explanation Answer: C) 500

Explanation:

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

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

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Filed Under: Stocks and Shares

Q:

Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)

A) 2000	B) 2298
C) 2290	D) 2289

Answer & Explanation Answer: B) 2298

Explanation:

By selling Rs. 100 stock , cash realised = $R s . [(100 - 4) - \frac{1}{4}] = R s . \frac{383}{4}$

By selling Rs. 2400 stock, cash realised = $R s . (\frac{383}{4} * \frac{1}{100} * 2400)$ = Rs 2298.

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