Multiple Choice Questions on A man invests Rs 27600 in 4 stock at 92 He sold Rs 20000 stock when the price rose to Rs 96 and sold........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A man invests Rs 27600 in 4 stock at 92 He sold Rs 20000 stock when the price rose to Rs 96 and sold...........

Quantitative Aptitude ( CCS) Profit and loss
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    A man invests Rs. 27600 in 4% stock at 92. He sold Rs. 20000 stock when the price rose to Rs. 96, and sold the remaining stock when the market value fell to Rs. 90. How much does he gain or loss in the transaction?

    Gain = Rs. 600

    Correct Answer

    Loss = Rs. 300

    Incorrect Answer

    Loss = Rs. 650

    Incorrect Answer

    Gain - Rs. 650

    Incorrect Answer
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    Explanation:

    tock purchased by investing Rs. 27600 in 4% stock at 92 = Rs. 27600 x 100 /92 = 30000

    Money realised by selling Rs. 20000 stock at market value of Rs. 96 = Rs. 20000 x 96 /100 = 19200

    Remaining stock = Rs. (30000 - 20000) = Rs. 10000

    Money realised by selling Rs. 10000 stock at Rs. 90 = Rs. 10000 x 90 /100 = 9000

    Total money realised by selling the whole stock = Rs. (19200 + 9000) = Rs. 28200

    Money invested = Rs. 27600

    Gain = Rs. (28200 - 27600) = Rs. 600.

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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