Subject: General Aptitude · Chapter: Stocks and Shares · Exam: · Marks: · Difficulty:
Find the income derived from 88 shares of ` 25 each at 5 premium, brokerage being per share and the 4 1 rate of dividend being 7 % per annum. Also, find the rate of interest on the investment. 2 1 121
Answer
Answer (as printed):
Explanation
Cost of 1 share = ` 25 + 5 + = ` . 4 4 121 Cost of 88 shares = ` × 88 = ` 2662. 4 \ Investment made = ` 2662. Face value of 88 shares = ` (88 × 25) = ` 2200. 15 15 1 Dividend on ` 100 = . Dividend on ` 2200 = ` × × 2200 = ` 165. 2 2 100 \ Income derived = ` 165. 165 Rate of interest on investment = × 100 = 6.2%. 2662
Explanation as extracted from the printed page; notation may be imperfect.