Stocks and Shares Practice Test 2

Question : 19 of 36

Marks: +1, -0

A man holding Rs. 5000 at 4% stock sells it at 96 and with the proceeds buy 5 per cent stock at120. Find the change in his income.

Solution:

In first case, net income =

4/96 × 5000

= Rs.

625/3

In second case, net income =

5/120 × 5000

= Rs.

625/3

Hence, in both cases, income will be the same.

Go to Question:

Prev Question

Next Question