A person invests Rs 28200 in 10 stock at 94 He then sells it when it is quoting at 106 He then reinv...........

Quant (SSC) Profit and loss

A person invests Rs. 28200 in 10% stock at 94. He then sells it when it is quoting at 106. He then reinvests the money in 6% stock at 100 which he sells when the stock quoting at 107. Find the overall profit of the transaction.

5826

4324

5844

5664

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Explanation:

At Rs. 94 per unit, Rs. 28200 will get him = 28200 /94 = 300 units
These when sold at 106 give him Rs. 31800.
This is invested in 6% stock at 100.
This gets him = 31800 /100 = 318 units
This stock is then sold when it is quoting at 107 giving him
318 × 107 = Rs. 34026
His overall profit = 34026 – 28200 = Rs. 5826.