The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being %, is:

Question:
The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being %, is:

[A].

Rs. 108.25

[B].

Rs. 112.20

[C].

Rs. 124.75

[D].

Rs. 125.25

Answer: Option C

Explanation:

For an income of Rs. 756, investment = Rs. 9000.

For an income of Rs.	21	, investment = Rs.		9000	x	21		= Rs. 125.
	2			756		2

For a Rs. 100 stock, investment = Rs. 125.

Market value of Rs. 100 stock = Rs.		125 –	1		= Rs. 124.75
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