A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128....
Solution:
Let's assume the dividend from the stock is x%.
Given:
- Amount invested = Rs. 1552
- Income obtained = Rs. 128
- Cost price of stock = Rs. 97
Calculating the dividend:
We know that dividend is calculated as the ratio of income obtained to the amount invested, multiplied by 100.
Dividend = (Income Obtained / Amount Invested) * 100
Substituting the given values, we have:
Dividend = (128 / 1552) * 100
Dividend = 8.24%
Therefore, the dividend from the stock is 8.24%.
Answer:
The correct option is (c) 8%.