In order to obtain an income of Rs. 15000 from 80% stock at Rs. 200, one must make an investment of	Choose one
A) Rs.30000 B) Rs.37000 C) Rs.37500 D) Rs.40000 E) Rs.40500
Explanation :   Market Value = Rs. 200.   Required Income = Rs. 15000.   Here face value is not given. Take face value as Rs.100 if it is not given in the question   To obtain Rs.80 (ie,80% of the face value 100), investment = Rs.200   To obtain Rs.15000, investment = 200/80Ã—15000=Rs.37500   Answer : Option Rs.37500
<result>C</result>
In order to obtain an income of Rs. 15000 from 80% stock at Rs. 200, one must make an investment of