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Arithmetic Ability
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Q.
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
A.
Rs. 145
B.
Rs. 245.1
C.
Rs. 96
D.
Rs. 75
View Answer
Correct choice: C
Explanation:
Michel earns Rs. 135 by investing Rs. 1620 To earn Rs. 8 how much he have to invest...? = (8 x 1620)/135 = Rs. 96
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