How much stock can be purchased for Rs. 7350 at 105

Options

A. Rs 7500
B. Rs 7000
C. Rs 7200
D. Rs 6800

Answer

To determine how much stock can be purchased for Rs. 7350 at a price of Rs. 105 per stock, we can follow these steps:

### Step-by-Step Solution:

1. **Identify the total amount available for investment**:
- The total amount available is Rs. 7350.

2. **Identify the price of one stock**:
- The price of one stock is Rs. 105.

3. **Use the formula to calculate the number of stocks that can be purchased**:
- The formula to find the number of stocks is:
\[ \text{Number of Stocks} = \frac{\text{Total Amount} \times 100}{\text{Price per Stock}} \]

4. **Substitute the values into the formula**:
- Here, the total amount is Rs. 7350 and the price per stock is Rs. 105. Therefore:
\[ \text{Number of Stocks} = \frac{7350 \times 100}{105} \]

5. **Calculate the numerator**:
- First, calculate \(7350 \times 100 = 735000\).

6. **Divide by the price per stock**:
- Now divide \(735000\) by \(105\):
\[ \text{Number of Stocks} = \frac{735000}{105} = 7000 \]

7. **Conclusion**:
- Therefore, the number of stocks that can be purchased for Rs. 7350 at Rs. 105 per stock is **7000 stocks**.