CAT Exam Model Paper 2 with solutions for free online practice

Question : 82 of 100

Marks: +1, -0

Mr Scindia after selling 5.5% stock at ₹ 92 realizes ₹ 32200. Then he invested

1/3

of the amount in 4.5% stock at ₹ 92,

2/5

of the amount at ₹ 115 in 5% stock and the remaining in 6% stock at ₹ 56. The change in his income is

Solution:

x × 92 = 32,200

⇒ x = 350

shares
Income = 350 × 5.5 = 1925
Now, after investment his income is

{ ( { 1 }/ { 3 }× { 32200 } /{ 92 } × 4.5 ) + ( { 2 }/ { 5 } × { 32200 }/ { 115 } ×5 ) + ( { 4 }/ { 15 } ×{ 32,200 } /{ 56 } × 6 ) }

{ = 525 + 560 + 920 = 2005 }

Profit = 2005 − 1925 = ₹ 80

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