Question

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

• A. 8.5%
• B. 6%
• C. 7.5%
• D. 8%

Answer 1

The correct option is D

8%

By investing Rs. 1552, income = Rs. 128.

By investing Rs. 97, income = $Rs.(\frac{128}{1552}\times 97)=Rs.8.$

Dividend = $8\%$