Question

Mannan buys 400, twenty rupee shares at a premium of Rs 4 each and receives a dividend of 12%. Find:

i) Amount invested by him

ii) Total income

iii) His percentage return on his investment.

• A. Rs 9600 , Rs 960 , 10%
• B. Rs 9600 , Rs 960 ,15%
• C. Rs 9600 , Rs 800 , 10%
• D. Rs 8000 , Rs 800 , 10%
• E. Rs 8000 , Rs 960 , 15%
• F. Rs 8000 , Rs 800 , 15%

Answer 1

The correct option is A

Rs 9600 , Rs 960 , 10%