A man invested Rs. 388 in a stock at 97 to obtain and income of Rs. 22. The dividend from the stock is?

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Accepted Answer

When investment is Rs. 388, income = Rs. 22 When investment is Rs. 97, income = Rs. (22 / 388) x 97 = Rs. 5.50 ∴ Dividend on Rs. 100 stock = 51/2%

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