A man invested Rs. 260000 in 5% stock at 104. He sold the stock when t – McqOptions

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1.	A man invested Rs. 260000 in 5% stock at 104. He sold the stock when the price rose to Rs. 125 and invested the sale proceeds in 6% stock. By doing this his income increased by Rs. 2500. At what price did he purchase the second stock?
A.	Rs. 225
B.	Rs. 125
C.	Rs. 175
D.	Rs. 150
Answer» C. Rs. 175

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