Discussion of Question with ID = 097 under Stocks-and-Shares

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Question

Rs. 13400 is invested in Rs. 57 shares having a market rate of Rs. 67. If the dividend on the shares is 16%, what is the total income?

A

Rs. 1824.

B

Rs. 1924.

C

Rs. 1724.

D

Rs. 2024.

Soln.
Ans: a

The total number of shares is 13400/67 = 200. Return for 1 share is $16/100$ × 57. Return for 200 shares = $16/100$ × 57 × 200 = Rs. 1824.

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