## Stacks and Shares

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

**Options:**

A. | Rs. 80 |

B. | Rs. 96 |

C. | Rs. 106 |

D. | Rs. 108 |

**Answer: Option B**

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment = Rs. \(\left(\frac{1620}{135}\times8\right)\) = Rs.96.

Therefore Market value of Rs. 100 stock = Rs. 96.

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