Question

To produce an annual income of Rs. 1200 from
a 12% stock at 90, the amount of stock needed
is:
(a) Rs. 10,000 (b) Rs. 12,800
(c) Rs. 13,000 (d) Rs. 16,000

Answer 1

Answer:

A(10000)

Step-by-step explanation:

For an income of Rs. 12, stock needed = 100

For an income of Rs. 1200, stock needed = 100 * 1200/12 = 10000

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Answer 2

The amount of stock needed is (A) Rs. 10,000.

• We have a 12% of stock that means when we invest Rs. 100 , we incur a profit of Rs. 12.
• Now , we have to find the amount of stock needed to produce Rs. 1200 profit.
• Therefore,

1200 = $\frac{12}{100}$ × Amount

Amount invested =  $\frac{1200}{12}$ ×100

Amount invested = 10000 Rs.

• The amount of stock needed is Rs. 10000 to produce an annual income of Rs. 1200.