One can gain Rs. 1500 by buying in a 16 percent stock at 64. The following is the return on investment:
A. Rs. 5640
B. Rs. 5760
C. Rs. 7500
D. Rs. 9600
Answer:B
One can gain Rs. 1500 by buying in a 16 percent stock at 64. The following is the return on investment:
A. Rs. 5640 B. Rs. 5760 C. Rs. 7500 D. Rs. 9600
Explanation: Investment = Rs. 64 to get Rs. 50/3.Investment = Rs. 64 x 3/50x 1500 = Rs. 5760 to earn Rs. 1500.