Stocks and Shares Practice Test 1

Question : 17 of 40

Marks: +1, -0

The gain on investment of Rs. 1196 in 4% stock at 92 and sell out when the price has risen to 98 is:

Solution:

Sale proceeds of stock =

{1196 X 98}/92

= Rs. 1274
Hence, gain = 1274 – 1196 = Rs. 78

Go to Question:

Prev Question

Next Question