Question

Find the market value of the shares.

• A. Rs. 180
• B. Rs. 210
• C. Rs. 240
• D. Rs. 270

Answer 1

Answer: (A)

Rs. 180

Dividend per share=12% of Rs. 150$=\frac{12}{100}\times 150=Rs.18$

Let Market value of 1 share$=Rs.x$

$\therefore$Profit on 1 share= 10% of x$=\frac{10x}{100}=\frac{x}{10}$

As per the question

$\Rightarrow \frac{x}{10}=18$

$\Rightarrow x=Rs.180$