Calculate the purchase cost of a Rs. 6400, 10% stock at a 15 discount.
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Answer: A. 5440
Explanation
A fifteen discount on a stock means it is purchased at eighty-five percent of its standard face value. Dividing the total face value of six thousand four hundred by one hundred gives sixty-four stock blocks. Multiplying sixty-four blocks by the discounted price of eighty-five per block yields a total purchase cost of five thousand four hundred forty. Stock discounts represent reductions from the standard nominal face value of one hundred units per share. Purchasing stock at a discount lowers the capital outlay required while maintaining the nominal face value for dividends. Total purchase cost is calculated by scaling the discounted price per unit by the total number of units bought.
Option B is incorrect due to a minor addition error in the final block multiplication step. Option C represents the undiscounted face value of the stock without applying the fifteen discount. Option D overestimates the purchase cost by using an incorrect discount subtraction percentage.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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