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Question

A man invests ₹ 15000 in a company paying 6 % dividend when its ₹ 100 shares can be bought for ₹ 150. Find

i) the number of shares he bought

ii) his annual income

iii) his percentage income on his investment

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Solution

The correct option is **C**

i) 100 (ii) ₹ 600 (iii) 4%

Investment = ₹ 15,000, Market Value of each share = ₹ 150

Number of shares bought = Total InvestmentMarketValueoftheshare

= 15,000150

= 100

ii) Annual Income = Number of shares × Rate of dividend × Face value of one share

= 100 × 6100 × 100

= ₹ 600

iii) ₹ 600 is the income of ₹ 15000

∴ Percentage of income = (60015000× 100)

= 4 %

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