Question

In order to obtain an income of rs.650 from 10% loss at ruppees96, one must take an investment of;

1)3100

2)6420

3)6500

4)9600

Answer 1

Answer : B. 6240

Explanation:

Market Value = Rs. 96.

Required Income = Rs. 650.

Here face value is not given. Take face value as Rs.100 if it is not given in the question

To obtain Rs.10 (ie,10% of the face value 100), investment = Rs.96

To obtain Rs.650, investment = 9610×650=6240