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    • ( 1 ) By investing in 20% stock at 59, one earns Rs. 1600. The investment made is:

    • 1) 5000
    • 2) 7500
    • 3) 5760
    • 4) 4768
    • Discussion in forum
      Answer : 3) 5760
      Solution : To earn Rs.20, investment = Rs. 59.
      To earn Rs. 1600, investment = Rs. (59 * 1/20 * 1600) = Rs. 4720.








      discussion


      Answer : 3) 5760

    • ( 2 ) A man sells Rs.5000, 12 % stock at 156 and uinvests the proceeds parity in 8 % stock at 90 and 9 % stock at 108. He hereby increases his income by Rs. 70. How much of the proceeds were invested in each stock?

    • 1) 4000
    • 2) 4200
    • 3) 4020
    • 4) 4002
    • Discussion in forum
      Answer : 2) 4200
      Solution : S.P of Rs. 5000 stock = Rs.(156/100 * 5000) = Rs. 7800.
      Income from this stock = Rs. (12/100 * 5000) = Rs. 600.
      Let investment in 8 % stock be x and that in 9 % stock = (7800 - x).
      (x * 8/90) + (7800-x)* 9/108 = (600 + 70)
      => 4x/45 + (7800 - x)/12 = 670
      => 16x + 117000 - 15x = (670 * 180)
      => x = 3600
      Money invested in 8 % stock at 90 = Rs. 3600.
      Money invested in 9 % at 108 = Rs. (7800 - 3600) = Rs. 4200.








      discussion


      Answer : 2) 4200

    • ( 3 ) Find the market value of the stock if 6% yields 10%.

    • 1) 60
    • 2) 70
    • 3) 80
    • 4) 100
    • Discussion in forum
      Answer : 1) 60
      Solution : Let the investment be Rs.100 for an income of Rs.10
      Therefore, for an income of Rs.6, the investment = 600/10 = Rs.60








      discussion


      Answer : 1) 60

    • ( 4 ) A company pays 12.5% dividend to its investors. If an investor buys Rs.50 shares and gets 25% on investment, at what price did the investor buy the shares?

    • 1) 6.25
    • 2) 25
    • 3) 50
    • 4) 12.5
    • Discussion in forum
      Answer : 2) 25
      Solution : Dividend on 1 share = (12.5 * 50)/100 = Rs.6.25
      Rs.25 is income on an investment of Rs.100
      Rs.6.25 is income on an investment of Rs. (6.25 * 100)/25 = Rs.25








      discussion


      Answer : 2) 25

    • ( 5 ) What is annual income derived from Rs. 1800, 5% Stock at 104?

    • 1) 90
    • 2) 85
    • 3) 89
    • 4) 80
    • Discussion in forum
      Answer : 1) 90
      Solution : Income from Rs. 100 stocks = Rs. 5
      Income from Rs. 1800 stock = Rs. (5/100 * 1800) = Rs. 90.








      discussion


      Answer : 1) 90

    • ( 6 ) A Man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 6%, his annual income is:

    • 1) 267.3
    • 2) 327.8
    • 3) 324
    • 4) 130.7
    • Discussion in forum
      Answer : 3) 324
      Solution : Number of shares = 4455/8.25 = 5400
      Face value = (540 * 100) = 5400
      Income = ( 6/100 * 5400) = 324








      discussion


      Answer : 3) 324

    • ( 7 ) Find the cost of Rs. 6400, 10% stock at 15 discount?

    • 1) 2000
    • 2) 5440
    • 3) 6000
    • 4) 5140
    • Discussion in forum
      Answer : 2) 5440
      Solution : Cost of Rs. 100 stock = Rs. (100 - 15)
      Cost of Rs. 6400 stock = Rs. (85/100 * 6400) = Rs. 5440.








      discussion


      Answer : 2) 5440

    • ( 8 ) Find the cost of Rs. 4500, 8.5% stock at 4 premium?

    • 1) 1400
    • 2) 5000
    • 3) 4000
    • 4) 4680
    • Discussion in forum
      Answer : 4) 4680
      Solution : Cost of Rs. 100 stock = Rs. (100 + 4) = Rs.104
      Cost of Rs. 4500 stock = Rs. (104/100 * 4500) = Rs. 4680








      discussion


      Answer : 4) 4680

    • ( 9 ) The cash realised on selling a 14% stock at Rs. 106.25, brokerage being 1/4%, is :

    • 1) RS.105.50
    • 2) RS.113.75
    • 3) RS.106
    • 4) RS.106.50
    • Discussion in forum
      Answer : 3) RS.106
      Solution : Cash realised = Rs. (106.25 - 0.25) = Rs. 106.








      discussion


      Answer : 3) RS.106

    • ( 10 ) A man invested Rs. 5050 in 5% stock at 99 and sold it when the price rose to Rs. 101. He invested the sale proceeds in 8% stock at 88. Find the change in man's income if the Brokerage is Rs. 2

    • 1) Rs.190
    • 2) Rs.180
    • 3) Rs.160
    • 4) Rs.170
    • Discussion in forum
      Answer : 1) Rs.190
      Solution : Purchase price of the first stock = Rs.99 + Rs.2 = Rs.101
      Number of stocks purchased in this case = 5050/101 = 50
      Since the face value is not given, it can be taken as Rs.100. So, dividend per share = Rs.5
      Income = 50 * 5 = Rs.250
      Sale Price of the stock = 101-2 = 99
      Amount received by selling the stock = 50 * 99 = 4950
      Then he invests this Rs.4950 in 8% stock at 88
      Purchase price of this stock = 88+2 = 90
      Number of stocks purchased in this case = 4950/90 = 55
      Since the face value is not given, it can be taken as Rs.100. So, dividend per share = Rs.8
      Income = 55 * 8 = Rs.440
      Change in income = 440 -250 = Rs.190








      discussion


      Answer : 1) Rs.190





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