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CAT Exam Model Paper 2 with solutions for free online practice
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© examsnet.com
Question : 82
Total: 100
Mr Scindia after selling 5.5% stock at ₹ 92 realizes ₹ 32200. Then he invested
1
3
of the amount in 4.5% stock at ₹ 92,
2
5
of the amount at ₹ 115 in 5% stock and the remaining in 6% stock at ₹ 56. The change in his income is
Your Answer:
Validate
Solution:
(c) Let Mr. Scindia has x shares of 5.5%
x
×
92
=
32
,
200
⇒
x
=
350
shares
Income = 350 × 5.5 = 1925
Now, after investment his income is
(
1
3
×
32200
92
×
4.5
)
+
(
2
5
×
32200
115
×
5
)
+
(
4
15
×
32
,
200
56
×
6
)
=
525
+
560
+
920
=
2005
Profit = 2005 − 1925 = ₹ 80
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