A clerk invests Rs 1365 in 13% “Reliance” at 91. He sells out Rs 1000 stock when they have risen to 93 and the remainder when they have fallen to 85. How much does he lose or gain in the transaction? Options: A . &nbspGain Rs 3 B . &nbspLoss Rs 3 C . &nbspGain Rs 5 D . &nbspLoss Rs 5

A clerk invests Rs 1365 in 13% “Reliance” at 91. He sells out Rs 1000 stock

Question

A clerk invests Rs 1365 in 13% “Reliance” at 91. He sells out Rs 1000 stock when they have risen to 93 and the remainder when they have fallen to 85. How much does he lose or gain in the transaction?

Options:

A . Gain Rs 3

B . Loss Rs 3

C . Gain Rs 5

D . Loss Rs 5

Answer: Option D

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