Question:
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
[A].7.5%
8%
9.7%
None of these
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
[A].
[B].
[C].
[D].
Answer: Option B
Explanation:
By investing Rs. 1552, income = Rs. 128.
| By investing Rs. 97, income = Rs. | 128 | x 97 | = Rs. 8. | ||
| 1552 |
Dividend = 8%