By investing Tk. 1500 in a 10% stock , a man obtains an income of Tk. 150. Find the market price of the stock.

Question: By investing Tk. 1500 in a 10% stock , a man obtains an income of Tk. 150. Find the market price of the stock.

Solution:
To earn Tk. 150 investment = Tk. 1500
To earn Tk. 10 investment = Tk. (1500 × 10)/150
= Tk. 100