Menu
Home / Arithmetic Aptitude / Stocks and Shares :: Discussion

Discussion :: Stocks and Shares

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

    2. A.

    Rs. 80
    B.

    Rs. 96
    C.

    Rs. 106
    D.

    Rs. 108

    View Answer

    Workspace

    View Answer

    Answer : Option B

    Explanation :

    To earn Rs. 135, investment = Rs. 1620.

     

    To earn Rs. 8, investment = Rs.\( [\frac { 1 620} {135 } *8]\) = Rs. 96.

     

     Market value of Rs. 100 stock = Rs. 96

     

Write your comments here:

Be The First To Comment