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
Answer: C
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Find the number of shares that can be bought for Rs.8200 if the market value is Rs.20 each with brokerage being 2.5%.
Answer: C
Cost of each share = (20 + 2.5% of 20) = Rs.20.5
Therefore, number of shares = 8200/20.5 = 400
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A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Answer: B
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