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.
Bunny said:
10 years ago
Here, 10/100 = 0.1.
Harshit said:
10 years ago
Very clear explanation, thanks @Namit.
Charishma said:
10 years ago
Nice explanation. Thank you all.
Deepika nithya kavitha said:
9 years ago
Thank you all for explaining the solution.
Nawal kumar said:
9 years ago
What is stock value?
Saurav Chakravarty said:
9 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.
Khurshed said:
9 years ago
@Namit Jain.
Thanks for your explanation. I think it is a good explanation.
Thanks for your explanation. I think it is a good explanation.
Faiz Shaikh said:
1 decade ago
Market value is Rs.96.
Dividend is 10%.
If we go through the formula.
Rate of interest p.a. = 10*100/96 would give us 10.42%.
So if we invest Rs.6240 we would get income of Rs.650.
Dividend is 10%.
If we go through the formula.
Rate of interest p.a. = 10*100/96 would give us 10.42%.
So if we invest Rs.6240 we would get income of Rs.650.
Shashikanth said:
1 decade ago
Why Rs. 10 had taken?
Shinchan said:
1 decade ago
From where Rs. 10 came?
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