Discussion of Question with ID = 037 under Stocks-and-Shares

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Question

Rs. 67900 is invested in Rs. 87 shares having a market rate of Rs. 97. If the dividend on the shares is 18%, what is the total income?

A

Rs. 10962.

B

Rs. 11062.

C

Rs. 10862.

D

Rs. 11162.

Soln.
Ans: a

The total number of shares is 67900/97 = 700. Return for 1 share is $18/100$ × 87. Return for 700 shares = $18/100$ × 87 × 700 = Rs. 10962.


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