By investing Rs. 1620 in 8% stock, Maria earns Rs. 135. The stock is then quoted at:_________?
Correct answer: B. 96
- A. 80
- B. 96
- C. 106
- D. 108Educational Resources
Explanation
The face value of stock producing Rs. 135 at 8% is Rs. 135 x 100/8 = Rs. 1687.50. Since the investment is Rs. 1620, the quotation is Rs. 1620 x 100/1687.50 = Rs. 96. The likely trap is 108, which reverses the investment-to-face-value relationship.
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Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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