Which is better investment: 11% stock at 143 or 93/4% stock at 117?
A.11% stock at 143
B.93/4% stock at 117
C.Both are equally good
D.Cannot be compared, as the total amount of investment is not given.
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in first case for earning 11% we have to invest 143 other words we make 11 rs on 143 rs so on 100 we make = 100*11/143 =7.69 as profit
in second case we earn 93/4 on 117
other words 23.25 rs on 117
so on 100 rs =100*23.25/117=19.87
so option B is the right answer
hope it helps
in second case we earn 93/4 on 117
other words 23.25 rs on 117
so on 100 rs =100*23.25/117=19.87
so option B is the right answer
hope it helps
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