Advertisement
Question
Rs. 21600 is invested in Rs. 14 shares having a market rate of Rs. 24. If the dividend on the shares is 11%, what is the total income?
A
Rs. 1386.
B
Rs. 1486.
C
Rs. 1286.
D
Rs. 1586.
Soln.
Ans: a
Ans: a
The total number of shares is 21600/24 = 900. Return for 1 share is $11/100$ × 14. Return for 900 shares = $11/100$ × 14 × 900 = Rs. 1386.