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13-01-2022 Stocks and Shares

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

A. Rs. 80
B. Rs. 96
C. Rs. 106
D. Rs. 108


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Dapzoi Verified
Commented on 2022-01-15 11:03:26 (IST)
Answer: Option B

 

Explanation:

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

To earn Rs. 8, investment = Rs. (1620/135 x 8) = Rs. 96.

 Market value of Rs. 100 stock = Rs. 96.