Practice mode Stocks and Shares

By investing Rs. 7,200 in a stock at 120, a person earns Rs. 480 a year. What is the rate of the stock?

Correct answer B. 8%

Explanation

Rs. 7,200 at 120 buys 7,200 × 100/120 = Rs. 6,000 of stock. Rate = 480/6,000 × 100 = 8%.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.