Kailash invests Rs 19,400 in 5% stock at 97. He then sells it when it is quoting Rs 104. He then reinvests this money in

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Q 2227434381.     Kailash invests Rs 19,400 in 5% stock at 97. He then sells it when it is quoting Rs 104. He then reinvests this money in 4% stock at 100, which he sells when the stock is quoting 105. Find the overall profit and profit % of the transaction.
IBPS-PO 2017 Mock Mains
A

Rs 2440 and 11.57%

B

Rs 2440 and 12.57%

C

Rs 1840 and 12.57%

D

Rs 1840 and 11.57%

E

None of these

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Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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