Question

A man buys $50$ shares of face value $Rs100$ available at $Rs132$. If the dividend is $7.5\%$ what will be his annual income?

• A. $Rs1955$
• B. $Rs225$
• C. $Rs375$
• D. $Rs500$

Answer 1

Answer: (C)

$Rs375$

No. of share$=50$

Dividend$=7.5$

Face value$=Rs.100$

Annual income=no.of share$\times$ dividend $\times$face value

$\Rightarrow \frac{50\times 7.5\times 100}{100}=Rs375$