A company declares a dividend of 12% on Rs. 100 shares. A housewife buys such shares and gets 15% on…
The correct choice is: “Rs. 80” Dividend per share = 12% of the face value Rs. 100 = Rs. 12. This Rs. 12 is 15% of the price she paid: price × 15/100 = 12 ⇒ price = 12 ×…
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A company declares a dividend of 12% on Rs. 100 shares. A housewife buys such shares and gets 15% on her investment. At what price did she buy the shares?
Answer and explanation
Correct answer A
The correct choice is: “Rs. 80”
Dividend per share = 12% of the face value Rs. 100 = Rs. 12.
This Rs. 12 is 15% of the price she paid: price × 15/100 = 12 ⇒ price = 12 × 100/15 = Rs. 80.
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