To earn Rs. 135, investment = Rs. 1620.To earn Rs. 8, investment = Rs. 1650x 8/135 = Rs. 96.Market value of Rs. 100 stock = Rs. 96.
Aptitude
Topic: Stocks and Shares
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:A.Rs. 80 B.Rs. 96C.Rs. 106 D.Rs. 108
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By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:A.Rs. 80 B.Rs. 96C.Rs. 106 D.Rs. 108
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:A.7.5% B.8%C.9.7% D.None of these
