Question

By investing in 16$\frac{2}{3}$% stock at 64, one earns Rs. 1500. The investment made is

• A. Rs. 5640
• B. Rs. 5760
• C. Rs. 7500
• D. Rs. 9600

Answer 1

Answer: (B)

Rs. 5760

To earn Rs. $\frac{50}{3}$, investment = Rs. 64
To earn Rs. 1500, investment = $Rs.(64\times \frac{3}{50}\times 1500)=Rs.5760$