A guy put Rs. 1552 in a stock at 97 and earned Rs. 128 in return. The stock's dividend is as follows:
A. 7.5%
B. 8%
C. 9.7%
D. None of these
Answer:B
A guy put Rs. 1552 in a stock at 97 and earned Rs. 128 in return. The stock's dividend is as follows:
A. 7.5% B. 8% C. 9.7% D. None of these
Explanation: Income equals Rs. 128 after investing Rs. 1552.Income = Rs.128/1552 x 97 = Rs.8 by investing Rs.97.8