A man buys Rs. 25 s in a company which pays 9% dividend . The money invested is such that it gives 10% on investment. At what price did he buy the s?
A. Rs.22
B. Rs.22.50
C. Rs.25
D. Rs.22.50
Suppose he buys each be Rs. X.
Then, (25 x 9/100)=(X x 10/100) X= 22.50
Cost of each is Rs. 22.50.