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Mr Bajrang Lal invested Rs. 26,00,000 in 5% stock at 104. He sold the stock when the price rose to Rs. 120 and invested the sale proceeds in 6% stock. By doing this his income increased by Rs. 2,50,000. At what price did he purchase the second stock?

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Mr Bajrang Lal invested Rs. 26,00,000 in 5% stock at 104. He sold the stock when the price rose to Rs. 120 and invested the sale proceeds in 6% stock. By doing this his income increased by Rs. 2,50,000. At what price did he purchase the second stock?






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