Arithmetic Ability
Stocks and Shares

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Q.

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

View Answer

Correct choice: B

Explanation:

To earn Rs. 135, investment = Rs. 1620. To earn Rs. 8, investment =Rs.1620/135×8= Rs. 96. Market value of Rs. 100 stock = Rs. 96.
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