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By investing Rs. 1100 in a 5 1/ 2% stock one earns Rs. 77. The stock is then quoted at?

Correct Answer: Rs. 784/7

Explanation:

To earn Rs. 77, investment = Rs. 1100
To earn Rs. 11/2, investment = (1100 / 77) x (11/2) = Rs. 784/7


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