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Stocks and Shares
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
7.5%
8%
9.7%
None of these
Show Answer
Correct Answer:
8%
Explanation:
By investing Rs. 1552, income = Rs. 128.
By investing Rs. 97, income = Rs.
❨
128
x 97
❩
= Rs. 8.
1552
∴ Dividend = 8%
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