A company declares a dividend of $12 %$ on Rs $100$ shares. A housewife buys such shares and gets $15 %$ on her investment. At what price she bought the shares?

R s 80

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R s 85

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R s 125

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R s 76

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Solution

The correct option is C $R s 80$
Present value of share = Rs $100$
Dividend on Rs $100$ share = Rs $12$
Let value of share at purchasing time be = $x$
$\frac{15}{100} x = 12$
$x = 80$

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A company declares a dividend of 12% on Rs100 shares. A housewife buys such shares and gets 15% on her investment. At what price she bought the shares?

The correct option is C Rs80Present value of share = Rs100Dividend on Rs100 share = Rs12Let value of share at purchasing time be = x15100x=12x=80

A company declares a dividend of $12 %$ on Rs $100$ shares. A housewife buys such shares and gets $15 %$ on her investment. At what price she bought the shares?

The correct option is C $R s 80$
Present value of share = Rs $100$
Dividend on Rs $100$ share = Rs $12$
Let value of share at purchasing time be = $x$
$\frac{15}{100} x = 12$
$x = 80$