A man invested Rs. 5050 in 5% stock at 99 and sold it when the price rose to Rs. 101. He invested the sale proceeds in 8% stock at 88. Find the change in man's income if the Brokerage is Rs. 2. Select
A) 150 B) 160 C) 170 D) 180 E) 190
Purchase price of the first stock = Rs.99 + Rs.2 = Rs.101   Number of stocks purchased in this case = 5050/101= 
<gadget id="calculator">5050/101</gadget>
<output>50</output>
50   Since the face value is not given, it can be taken as Rs.100. So, dividend per share= Rs.5   Income = 50 × 5 = Rs.250   Sale Price of the stock = 101-2= 
<gadget id="calculator">101-2</gadget>
<output>99</output>
99   Amount received by selling the stock= 50 × 99 = 4950   Then he invests this Rs.4950 in 8% stock at 88   Purchase price of this stock = 88+2= 
<gadget id="calculator">88+2</gadget>
<output>90</output>
90   Number of stocks purchased in this case= 4950/90= 
<gadget id="calculator">4950/90</gadget>
<output>55</output>
55   Since the face value is not given, it can be taken as Rs.100. So, dividend per share= Rs.8   Income = 55 × 8 = Rs.440   Change in income = 440-250 = Rs.190   Answer is 190.
<result>E</result>
A man invested Rs. 5050 in 5% stock at 99 and sold it when the price rose to Rs. 101. He invested the sale proceeds in 8% stock at 88. Find the change in man's income if the Brokerage is Rs. 2.