Answering Exams

A man buys Rs. 25 shares 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 shares?

A man buys Rs. 25 shares 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 shares?
A. Rs.22
B. Rs.22.50 (Correct)
C. Rs.25
D. Rs.22.50

Suppose he buys each share be Rs. X.
Then, (25 x 9/100)=(X x 10/100) X= 22.50

Cost of each share is Rs. 22.50.

 

Comments
Loading...
Share