Question

the sale proceeds

• A. Rs. 5,000
• B. Rs. 7,000
• C. Rs. 9,000
• D. Rs. 11,000

Answer 1

Answer: (C)

Rs. 9,000

vivek bought$=\frac{4500}{15}=300shares$

$\therefore dividend=\frac{300\times 10\times 8}{100}=Rs.240$

Sale Proceeds$=300\times 30=Rs.9000$