A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase… · ABC26GN5268

Subject: General Aptitude · Chapter: Stocks and Shares

A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase a stock worth of :

(a)` 80

(b)` 115.20

(c)` 120

(d)` 125.40

Answer

No answer key was printed for this question.

Explanation

For an income of ` 10, investment = ` 96. For an income of ` 12, investment  96  = `  × 12  = ` 115.20.  10 

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Stocks and Shares