How much must I pay for Rs. 1365 stock at 104 ? (brokergae `1%`)

Options

A. Rs 1433.50
B. Rs 1344.25
C. Rs 1433.25
D. none of these

Answer

To find out how much you must pay for Rs. 1365 stock at 104 with a brokerage of 1%, follow these steps:

### Step 1: Understand the given values
- **Face Value of Stock**: Rs. 1365
- **Market Price of Stock**: 104
- **Brokerage**: 1%

### Step 2: Calculate the total cost including brokerage
The total cost you need to pay includes the market price of the stock plus the brokerage. The brokerage is calculated as a percentage of the market price.

### Step 3: Calculate the effective price per share including brokerage
1. **Calculate the brokerage amount**:
\[ \text{Brokerage} = \frac{1}{100} \times 104 = 1.04 \]

2. **Calculate the total price per share including brokerage**:
\[ \text{Total Price per Share} = 104 + 1.04 = 105.04 \]

### Step 4: Calculate the total amount to be paid for the stock
To find out how much you need to pay for Rs. 1365 stock at the effective price including brokerage:
\[ \text{Total Amount} = \text{Face Value} \times \text{Total Price per Share} \]
\[ \text{Total Amount} = 1365 \times 105.04 \]

### Step 5: Perform the multiplication
1. Calculate:
\[ 1365 \times 105.04 = 1433.76 \]

### Conclusion
Thus, the total amount you must pay for Rs. 1365 stock at 104 with a 1% brokerage is **Rs. 1433.76**.

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