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Aptitude
31.
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:
  • A.
    Rs. 12
  • C.
    Rs. 18
  • B.
    Rs. 15
  • D.
    Rs. 21
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Dividend on Rs. 20 = Rs.  
9
100
x 20    = Rs.
9
5
     
 
Rs. 12 is an income on Rs. 100
 
 
  Rs.
9
5
 is an income on Rs.  
100
12
x
9
5
    = Rs. 15  
 
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32.
Meena bought Rs. 36000 of 7
1
2
%. stock at 92 and sold it when its price rose to Rs. 93
3
4
.    
Find her gain percent
  • A.
    1.9%
  • C.
    2.3%
  • B.
    2.9%
  • D.
    1.4%
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Investment made by Meena in buying Rs. 36000 of 7
1
2
 % stock at 92 = Rs.  
92
100
x 36000    
 
  = Rs. 33120.    
 
When the price rose to Rs. 93
3
4
 , Meena sold the stock.  
 
Thus, money realized from selling the stock = Rs.   
375
4
x
1
100
 x 36000    = Rs. 33750  
 
 
  Gain in the transaction = Rs. (33750 – 33120) = Rs. 630  
 
 
  Gain percent =  
630
33120
 x 100    % = 1.9 (approx).  
 
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33.
Find the income per cent on 10% debentures of par values Rs. 120 available in the market for Rs. 150.
  • A.
    9%
  • C.
    7%
  • B.
    8%
  • D.
    6%
  • Answer & Explanation
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Answer : [B]
Explanation :
 
The market value of a debenture = Rs. 150
 
 
  Income on Rs. 150 is Rs. 10  
 
 
  Income on Rs. 120 = Rs.  
10
150
 x 120    = Rs. 8  
 
 
  Per cent income on the debentures = 8%  
 
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34.
By investing in 16
2
3
% Stock at 64, one earns Rs. 1500. The investment made is :  
  • A.
    Rs. 5640
  • C.
    Rs. 7500
  • B.
    Rs. 5760
  • D.
    Rs. 9600
  • Answer & Explanation
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Answer : [B]
Explanation :
 
To earn Rs.
50
3
, Investment = Rs. 64.    
 
To earn Rs. 1500, investment = Rs.   64 x
3
50
x 1500    = Rs. 5760.  
 
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35.
A invested some money in 10% stock at 96. If B want to invest in an equally good 12% stock, he must purchase a stock worth of:
  • A.
    Rs. 80
  • C.
    Rs. 120
  • B.
    Rs. 115.20
  • D.
    Rs. 125.40
  • Answer & Explanation
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Answer : [B]
Explanation :
 
For an income of Rs. 10, investment = Rs. 96.
 
For an income of Rs. 12, investment = Rs.  
69
10
x 12    = Rs. 115.20  
 
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