A invested some money

Question

A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock , he must purchase a stock worth of :

Options:

A . Rs. 80

B . Rs. 115.20

C . Rs. 120

D . Rs. 125.40

Answer: Option B

For an income of Rs. 10, investment = Rs. 96.

For an income of Rs. 12, investment = Rs. `(96/10 xx 12)` = Rs. 115.20.

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