A man invested ₹ 1552 in a stock at 97 to obtain an income of ₹ 128. The dividend from the stock is · ABC26GN5255

Subject: General Aptitude · Chapter: Stocks and Shares

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

(a)7.5\%

(b)8\%

(c)9.7\%

(d)None of these

Answer

Answer: B ✓ checked by 4AB · confidence high

Explanation

Stock bought = 1552/97 × 100 = ₹1600; dividend = 128/1600 = 8 %.

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