Discussion of Question with ID = 003 under Stocks-and-Shares

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Question

Mr. X invests Rs. 12000 in 10% stock at Rs. 100. How much will he earn?

A

Rs. 1200.

B

Rs. 1300.

C

Rs. 1100.

D

Rs. 1400.

Soln.
Ans: a

His earning = $10/100$ × 12000 = Rs. 1200.

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