What is the cost price of a Rs. 100 stock at a 4 discount with a 1/4% brokerage fee:___________?
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Answer: C. Rs. 96.25
Explanation
A stock with a four discount has a market price of 96 rupees per 100 face value. Adding a brokerage fee of one quarter percent increases the total acquisition cost. Calculating ninety-six plus zero point twenty-five gives a final cost of 96.25 rupees. Discount on stock means the security is trading below its nominal face value. Brokerage fees are additional transaction costs paid to agents executing trades. Total cost price for a buyer includes both market price and broker commissions.
Transaction fees and brokerage commissions impact net investment returns significantly. Stock exchange purchases require accounting for all incidental trading expenses. Accurate cost basis calculation is essential for capital gains tax reporting. Choosing 96 rupees ignores the additional brokerage fee charged on the transaction. Choosing 95.75 rupees incorrectly subtracts the brokerage fee instead of adding it. Choosing 104.25 rupees treats the discount as a premium and adds it incorrectly.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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