What is the CP of Rs 100 stock at 7 discount, with 1/5% brokerage?
Choose the correct choice from the following options:
A) 93.9 B) 96.3 C) 93.2 D) 96.7 E) 96.21

Rationale: "explanation : use the formula , cp = 100 â € “ discount + brokerage % cp = 100 - 7 + 1 / 5 93.2 thus the cp is rs 93.2 . answer : c"
Answer: C