A man buys Rs. 20 shares paying $9 %$ dividend. The man wants to have an interest of $12 %$ on his money. The market value of each share is:

Rs. 15

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Rs. 12

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Rs. 21

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Rs. 18

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Solution

The correct option is A
Rs. 15

Dividend on Rs. 20 = $R s . (\frac{9}{100} \times 20) = R s . \frac{9}{5}$

Rs. 12 is an income on Rs. 100.

$∴ \frac{9}{5}$ is an income on $(\frac{100}{12} \times \frac{9}{5}) = R s .15 .$

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A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

The correct option is A Rs. 15 Dividend on Rs. 20 =Rs.(9100×20)=Rs.95 Rs. 12 is an income on Rs. 100. ∴95 is an income on (10012×95)=Rs.15.

A man buys Rs. 20 shares paying $9 %$ dividend. The man wants to have an interest of $12 %$ on his money. The market value of each share is:

The correct option is A
Rs. 15

Dividend on Rs. 20 = $R s . (\frac{9}{100} \times 20) = R s . \frac{9}{5}$

Rs. 12 is an income on Rs. 100.

$∴ \frac{9}{5}$ is an income on $(\frac{100}{12} \times \frac{9}{5}) = R s .15 .$