The cash required to purchase ₹15,500 of 8.5% stock at 105, brokerage being ₹2 is :

₹16,585

The correct answer is Option (4) → ₹16,585

Total cost per ₹100 = Market Price + Brokerage

$=105+2=107$

Total cost for ₹15,500 nominal value

Total cost = $\frac{Nominal\, value}{100}×Total\,cost\,per\,₹100$

Total cost = $\left(\frac{15500}{100}\right)×107=155×107$

$=16,585$