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Debentures of Rs 20,000 face value are bought at Rs 92 per Rs 100 and cancelled. What is the profit?
ARs 18,400
BRs 160
CRs 1,600
DRs 2,000
Answer & Solution
Correct answer: C. Rs 1,600
Face value Rs 20,000 less cost Rs 18,400 gives a profit of Rs 1,600.
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