By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

Correct Answer : B.

To earn Rs. 135, investment = Rs. 1620.
To earn Rs. 8, investment = $Rs. \left(\frac{1620}{135} x 8 \right)= Rs. 96.$
$\therefore$Market value of Rs. 100 stock = Rs. 96.