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Q1
:
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
A
Rs. 96
B
Rs. 106
C
Rs. 80
D
Rs. 108
Solution
ANS:
B
- Rs. 96
To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment = Rs.
1620
x 8
= Rs. 96.
135
Market value of Rs. 100 stock = Rs. 96.
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