By investing Rs. $1500$ in $10 %$ stock, Michael earns Rs. $150$ . The stock is then quoted at:

100

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200

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300

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400

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Solution

The correct option is C $100$
To earn Rs. $150$ , investment $=$ Rs. $1500$ .
To earn Rs. $10$ , investment $=$ Rs $\frac{1500}{150} \times 10 = 100$
Therefore, market value of Rs. $100$ stock $=$ Rs. $100$

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