Question

Mr. Arun Pandit invests Rs 12000 in a company paying dividend of 8% per annum when a share of face value Rs 100 stands at Rs 150.

i) What is his annual income?

ii) He sells 50% of his shares when the price rises to Rs 180. What is his gain on his transaction?

• A. Rs 640 , Rs 1200
• B. Rs 640Rs , Rs 1700
• C. Rs 530Rs , Rs 1200
• D. Rs 530Rs , Rs 1700

Answer 1

The correct option is A

Rs 640 , Rs 1200