MCQ Practice

A retired man sells out Rs. 7500 of a 10% stock at Rs. 105.50 and invests the proceeds in 14% stock at Rs. 124.50. What is the change in income if he pays a service charge of 0.5% of the face value on each transaction ?

A

Rs. 95

B

Rs. 114

C

Rs. 132

D

None of these

Correct Answer: C