Arithmetic Ability
Stocks and Shares

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Q.

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:

View Answer

Correct choice: B

Explanation:

Number of shares = 4455/8.25= 540. Face value = Rs. (540 x 10) = Rs. 5400. Annual income = Rs.(12/100*5400) = Rs. 648.
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