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Dividend

Mr. Manan pur...

Question

Mr. Manan purchased 100 shares in a company at Rs 150 each. The company issues one bonus share for every two shares held by him. When the price of the shares fell to Rs 120 he sold the shares. Find his percentage gain.

20%

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40%

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12.5%

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32%

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Solution

The correct option is A
20%

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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.

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