*/*_By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stoc – McqOptions

MCQOPTIONS

1.	/_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
Answer» C. Rs. 106

Discussion

No Comment Found

Related MCQs

Which is better investment: 11% stock at 143 or 9% stock at 117?
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being %, is:
By investing in 16% stock at 64, one earns Rs. 1500. The investment made is:
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13. The rate of interest obtained is:
The cost price of a Rs. 100 stock at 4 discount, when brokerage is 1 % is: 4
A person has deposited Rs. 13200 in a bank which pays 14% interest. He withdraws the money and invests in Rs. 100 stock at Rs. 110 which pays a dividend of 15%. How much does he gain or lose ?
The cash realised on selling a 14% stock at Rs. 106.25, brokerage being $$\frac{1}{4}$$ %, is-
A retired man sells out Rs. 7500 of a 10% stock at Rs. 105.50 and invests the proceeds in 14% stock at Rs. 124.50. What is the change in income if he pays a service charge of 0.5% of the face value on each transaction ?
The income derived from a Rs. 100, 13% stock at Rs. 105, is -
Which is better investment, 12% stock at par with an income tax at the rate of 5 paise per rupee or $$14\frac{2}{7}\% $$stock at 120 free from income tax ?