In order to obtain an income of Rs. 3800 from 70% stock at Rs. 280, one must make an investment of Choose the correct choice from the following answers
A) rs . 16000	B) rs . 15000	C) rs . 15250	D) rs . 15200	E) rs . 15300

Rationale: "explanation : market value = rs . 280 required income = rs . 3800 . here face value is not given . take face value as rs . 100 if it is not given in the question to obtain rs . 70 ( ie , 70 % of the face value 100 ) , investment = rs . 280 to obtain rs . 3800 , investment = 280 / 70 ã — 3800 = rs . 15200 answer : option d"
Answer: D