Lessons

General Aptitude
16.1 Stocks and Shares - General Questions

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Q.

A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being 13 × 1/2 The rate of interest obtained is: 

View Answer

Correct choice: C

Explanation:

Investment = Rs. [20 x (50 - 5)] = Rs. 900.

Face value = Rs. (50 x 20) = Rs. 1000.

Dividend = Rs. 27 x 1000 = Rs. 135.
2 100
Interest obtained = 135 x 100 % = 15%
900
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