A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The div

Question

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

Options:

A . 7.5%

B . 8%

C . 9.7%

D . None of these

Answer: Option B

By investing Rs. 1552, income = Rs. 128.

By investing Rs. 97, income = Rs. $\left(\frac{128}{1552}\times97\right)$ =Rs. 8.

So, Dividend = 8%

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