Question

Mr.Parekh invested Rs.52,000 on Rs.100 shares at a discount of Rs.20 paying 8% dividend. At the end of 1 year he sells the shares at a premium of Rs.20.

Find the profit earned including his dividend.

• A. Rs. 28,200
• B. Rs. 29,200
• C. Rs. 30,200
• D. Rs. 31,200
• E. Rs. 32,200

Answer 1

The correct option is D

Rs. 31,200