Question

Mrs. Sharma buys 85 shares (par value Rs.100) at Rs. 150 each. If the dividend is 6.5%, what will be her annual income?

• A. Rs. 856.80
• B. Rs. 552.50
• C. Rs. 352.30
• D. Rs.833.90

Answer 1

The correct option is B Rs. 552.50

No of share$=85$

Face value$=Rs.100$

Dividend$=6.5\%$

Annual income = No. of shares $\times$ Dividend% $\times$ Face value

$\Rightarrow \frac{85\times 6.5\times 100}{100}=Rs.552.50$