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A man buys Rs. 1400 stock at 6%. His investment is such that he earns 8% on his investment. At what discount / premium did he buy the stock?

A.	82	B.	76
C.	75	D.	86

Answer and Explanation

Answer:75

Explanation:
Explanation: Since 6% on Rs. 100 amounts to a return of 8%, the stock has been
=> bought at a discount. The market value of the stock is (100 x 6)/8 = 75
The stock has been bought at a discount of 25

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