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Q: A man transfers his stock of Rs. 7600 from 5% at 105 to 4 ½ %. Thus he loses Rs. 2. Find the market value of the other stock.
A. Rs. 80  B. Rs. 105
C. Rs. 95 D. Rs. 96

Answer and Explanation

Answer:Rs. 95

Explanation:
let the market value of the other stock be Rs. X
=> 7600(5) / 100 – 7600(105/100x) * 4.5 = 2
=> x = Rs. 95

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