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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

A

i) 200 (ii) ₹ 1600 (iii) 5%

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B

i) 100 (ii) ₹ 1600 (iii) 4%

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C

i) 100 (ii) ₹ 600 (iii) 4%

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D

i) 300 (ii) ₹ 5000 (iii) 5%

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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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