Q:
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 :
Answer & Explanation
Answer: B) Rs.115.20
Explanation: For an income of Rs. 10, investment = Rs. 96.
For an income of Rs. 12, investment = Rs. (96/10)*12 = Rs. 115.20.
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