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Trade Payables Turnover Ratio

A man investe...

Question

A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is

Rs. 207.40

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Rs. 534.60

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Rs. 648

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Rs. 655.60

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Solution

The correct option is C Rs. 648
Number of shares $= (\frac{4455}{8.25}) = 540$
Face value $= R s (540 \times 10) = R s . 5400$
Annual income $= R s . (\frac{12}{100} \times 5400) = R s . 648$

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A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is

The correct option is C Rs. 648Number of shares =(44558.25)=540Face value =Rs(540×10)=Rs.5400Annual income =Rs.(12100×5400)=Rs.648

The correct option is C Rs. 648
Number of shares $= (\frac{4455}{8.25}) = 540$
Face value $= R s (540 \times 10) = R s . 5400$
Annual income $= R s . (\frac{12}{100} \times 5400) = R s . 648$