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Mr Scindia after selling 5.5% stock at R...

Mr Scindia after selling 5.5% stock at Rs. 92 realizes Rs. 32200. Then he invested `(1)/(3)` of the amount in 4.5% stock at Rs. `92, (2)/(5)` of the amount at Rs. 115 in 5% stock and the remaining in 6% stock at Rs. 56. The change in his income is :

A

Rs. 56 loss

B

Rs. 78 profit

C

Rs. 80 profit

D

Rs. 70 loss

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The correct Answer is:
To solve the problem step by step, we will follow the instructions given in the question regarding Mr. Scindia's investments and calculate the change in his income. ### Step 1: Calculate the total amount realized from selling the stock. Mr. Scindia sells a 5.5% stock at Rs. 92 and realizes Rs. 32,200. **Total amount realized = Rs. 32,200** ### Step 2: Determine the amount invested in each stock. Mr. Scindia invests: - \( \frac{1}{3} \) of the total amount in 4.5% stock - \( \frac{2}{5} \) of the total amount in 5% stock - The remaining amount in 6% stock **Calculating each investment:** 1. **Investment in 4.5% stock:** \[ \text{Amount invested} = \frac{1}{3} \times 32,200 = \frac{32,200}{3} = 10,733.33 \] 2. **Investment in 5% stock:** \[ \text{Amount invested} = \frac{2}{5} \times 32,200 = \frac{64,400}{5} = 12,880 \] 3. **Remaining amount for 6% stock:** \[ \text{Remaining amount} = 32,200 - (10,733.33 + 12,880) = 32,200 - 23,613.33 = 8,586.67 \] ### Step 3: Calculate the income from each stock. 1. **Income from 4.5% stock:** \[ \text{Income} = \frac{10,733.33 \times 4.5}{100} = 483.00 \] 2. **Income from 5% stock:** \[ \text{Income} = \frac{12,880 \times 5}{100} = 644.00 \] 3. **Income from 6% stock:** \[ \text{Income} = \frac{8,586.67 \times 6}{100} = 515.20 \] ### Step 4: Calculate the total income after investments. **Total income = Income from 4.5% stock + Income from 5% stock + Income from 6% stock** \[ \text{Total income} = 483.00 + 644.00 + 515.20 = 1,642.20 \] ### Step 5: Calculate the original income from the 5.5% stock. To find the original income from the 5.5% stock, we need to know how much he would earn from the original investment. Let’s assume he had invested the entire Rs. 32,200 in 5.5% stock: \[ \text{Original income} = \frac{32,200 \times 5.5}{100} = 1,771.00 \] ### Step 6: Calculate the change in income. **Change in income = Total income after investments - Original income** \[ \text{Change in income} = 1,642.20 - 1,771.00 = -128.80 \] Thus, the change in Mr. Scindia's income is a decrease of Rs. 128.80. ### Final Answer: The change in Mr. Scindia's income is Rs. -128.80. ---
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