Discussion of Question with ID = 057 under Stocks-and-Shares

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Question

Rs. 16200 is invested in Rs. 71 shares having a market rate of Rs. 81. If the dividend on the shares is 12%, what is the total income?

A

Rs. 1704.

B

Rs. 1804.

C

Rs. 1604.

D

Rs. 1904.

Soln.
Ans: a

The total number of shares is 16200/81 = 200. Return for 1 share is $12/100$ × 71. Return for 200 shares = $12/100$ × 71 × 200 = Rs. 1704.


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