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A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128. What is the dividend from the stock?
  • a)
    9.7%
  • b)
    7.5%
  • c)
    8%
  • d)
    None of these
Correct answer is option 'D'. Can you explain this answer?
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A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128....
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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%.
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A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128. What is the dividend from the stock?a)9.7%b)7.5%c)8%d)None of theseCorrect answer is option 'D'. Can you explain this answer?
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