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Discussion :: Stocks and Shares

  1. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

  2. A.

    Rs. 207.40

    B.

    Rs. 534.60

    C.

    Rs. 648

    D.

    Rs. 655.60

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    Answer : Option C

    Explanation :

    Number of shares =\([ \frac { 4455 } { 8.25 }]=540\)

     

    Face value = Rs. (540 x 10) = Rs. 5400.

     

    Annual income = Rs.\([\frac { 12 } { 100 } *5400 ]\)= Rs. 648.

     


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