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 3 of 6.
Anil kumar yadav said:
9 years ago
Good explanation @Namit Jain.
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.
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.
Janardhanarao.kadali said:
10 years ago
10 = 650.
96 = ?
96/10*65 = 6240.
96 = ?
96/10*65 = 6240.
Ram said:
1 decade ago
Its good to understood.
Shahbaz said:
1 decade ago
If you invest Rs. 96 in a 10% stock, then the profit is 96*(10/100) = 9.6.
To get Rs. 650, you have to multiply it with the profit factor i.e., 9.6.
Investment = 650*9.6 = Rs. 6240.
To get Rs. 650, you have to multiply it with the profit factor i.e., 9.6.
Investment = 650*9.6 = Rs. 6240.
Balaji said:
1 decade ago
I really happy more and more solution come for here. So I clear quickly. Thanks to all.
Archana LP said:
1 decade ago
Rs stands for Rupees.
James said:
1 decade ago
Can some one tell me what Rs stand for?
Dinesh Kumar said:
1 decade ago
'10% stock at Rs.96'. What does stock means? Please clarify.
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