Discussion of Question with ID = 077 under Stocks-and-Shares

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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?

Rs. 1386.

Rs. 1486.

Rs. 1286.

Rs. 1586.

Soln.
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.