Aptitude - Stocks and Shares - Discussion
Discussion Forum : Stocks and Shares - General Questions (Q.No. 1)
1.
In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:
Answer: Option
Explanation:
To obtain Rs. 10, investment = Rs. 96.
| To obtain Rs. 650, investment = Rs. |  |
96 | x 650 |  |
= Rs. 6240. |
| 10 |
Discussion:
52 comments Page 2 of 6.
Saurav Chakravarty said:
8 years ago
I guess the answer should be Rs 6500. Because if 10% is the profit per share then 10% of 6500/- makes 650/-. But 10% of 6240 makes 624/- which is not the desired profit 650.
Janardhanarao.kadali said:
10 years ago
10 = 650.
96 = ?
96/10*65 = 6240.
96 = ?
96/10*65 = 6240.
Padma said:
10 years ago
But we have a formula.
Annual income obtained = Total amount of stock * % rate of stock.
According to this if we do it:
650 = Total amount of stock*(10/100).
By solving this we will get total amount of stock = 6500.
Then what it means. I am unable to understand this stocks topic clearly can any one help.
Annual income obtained = Total amount of stock * % rate of stock.
According to this if we do it:
650 = Total amount of stock*(10/100).
By solving this we will get total amount of stock = 6500.
Then what it means. I am unable to understand this stocks topic clearly can any one help.
Its rk said:
10 years ago
Here in this, face value of stock not mentioned, and in solving problem we must need face value because income asked in rupees not in percentage.
So they assumed face value as 100.
For example if you assume F.V = 200 answer will be different.
So data is not sufficient in the question.
So they assumed face value as 100.
For example if you assume F.V = 200 answer will be different.
So data is not sufficient in the question.
Anil kumar yadav said:
9 years ago
Good explanation @Namit Jain.
Srinu said:
9 years ago
10/100 * x = 650.
Ans = 6500
Why Rs = 10 value is used?
Ans = 6500
Why Rs = 10 value is used?
Shubham said:
9 years ago
That's the correct solution. @Namit Jain.
Ram said:
1 decade ago
Its good to understood.
Bunny said:
9 years ago
Here, 10/100 = 0.1.
Harshit said:
9 years ago
Very clear explanation, thanks @Namit.
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers