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 ?
A. Loses Rs. 48
B. Gains Rs. 48
C. Loses Rs. 132
D. Gains Rs. 132
Answer: Option A
Solution(By Examveda Team)
Income from bank = 14% of Rs. 13200 = Rs. 1848Number of shares purchased
= Rs. $$\left( {\frac{{13200}}{{110}}} \right)$$
= Rs. 120
Income from stock
= (15% of Rs. 100) × 120
= Rs. (15 × 120)
= Rs. 1800
∴ Loss = Rs. (1848 - 1800)
= Rs. 48
This Question Belongs to Arithmetic Ability >> Stocks And Shares
Related Questions on Stocks and Shares
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
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B. Rs. 6240
C. Rs. 6500
D. Rs. 9600
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B. $$13\frac{1}{2}$$ %
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A. 11% stock at 143
B. $$9\frac{3}{4}$$% stock at 117
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B. Rs. 15
C. Rs. 18
D. Rs. 21
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