Discussion of Question with ID = 073 under Stocks-and-Shares

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An investor buys Rs. 30 shares in a company that pays 14% dividend. If his investment is such that it is getting him an interest of Rs. 7%, for how much did he buy each share?


Rs. 60.


Rs. 70.


Rs. 75.


Rs. 80.

Ans: a

If he bought each share at Rs. x, then his income is $7/100$ × x = 30 × $14/100$, solving, we get x = Rs. 60.

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