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

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Question

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?

A

Rs. 60.

B

Rs. 70.

C

Rs. 75.

D

Rs. 80.

Soln.
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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