Question

A company declares a dividend of 12% on ₹100 shares. A housewife buys such shares and gets 15% on her investment. At what price she bought the shares?

विकल्प

• ₹ 80

• ₹ 85

• ₹ 125

• ₹ 76

Answer 1

₹ 80

Explanation:

Present value of share = ₹ 100

Dividend on ₹ 100 shares = ₹ 12

Let the value of the share at purchasing time be = x

`15/100"x"=12` 

x = 80