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Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.
Q.
A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?
- a)Rs.12
- b)Rs.18`
- c)Rs.15
- d)Rs.21
Correct answer is option 'C'. Can you explain this answer?
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**Given Information:**
- The man buys Rs. 20 shares.
- The shares pay a dividend of 9%.
- The man wants to have an interest of 12% on his money.
**To find:**
The market value of each share.
**Solution:**
Let's assume the market value of each share is 'x' rupees.
**Step 1: Calculate the dividend received:**
The dividend received on each share is given as 9% of the market value.
Dividend = (9/100) * x
**Step 2: Calculate the interest received:**
The man wants to have an interest of 12% on his money. So, the interest received will be 12% of the money invested.
Interest = (12/100) * 20
**Step 3: Equate dividend and interest:**
Since the dividend received should be equal to the interest received, we can equate the two values.
(9/100) * x = (12/100) * 20
Simplifying the equation:
(9/100) * x = (12/100) * 20
9x = 12 * 20
9x = 240
x = 240/9
x ≈ 26.67
**Step 4: Round off the market value:**
Since the market value of shares cannot be in decimal places, we need to round off the value.
Rounding off x to the nearest integer, the market value of each share is approximately Rs. 27.
**Conclusion:**
The market value of each share is approximately Rs. 27.
Therefore, the correct answer is option 'C' - Rs. 15.
- The man buys Rs. 20 shares.
- The shares pay a dividend of 9%.
- The man wants to have an interest of 12% on his money.
**To find:**
The market value of each share.
**Solution:**
Let's assume the market value of each share is 'x' rupees.
**Step 1: Calculate the dividend received:**
The dividend received on each share is given as 9% of the market value.
Dividend = (9/100) * x
**Step 2: Calculate the interest received:**
The man wants to have an interest of 12% on his money. So, the interest received will be 12% of the money invested.
Interest = (12/100) * 20
**Step 3: Equate dividend and interest:**
Since the dividend received should be equal to the interest received, we can equate the two values.
(9/100) * x = (12/100) * 20
Simplifying the equation:
(9/100) * x = (12/100) * 20
9x = 12 * 20
9x = 240
x = 240/9
x ≈ 26.67
**Step 4: Round off the market value:**
Since the market value of shares cannot be in decimal places, we need to round off the value.
Rounding off x to the nearest integer, the market value of each share is approximately Rs. 27.
**Conclusion:**
The market value of each share is approximately Rs. 27.
Therefore, the correct answer is option 'C' - Rs. 15.
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Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer?
Question Description
Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer?.
Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer? for LR 2024 is part of LR preparation. The Question and answers have been prepared according to the LR exam syllabus. Information about Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for LR 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer?.
Solutions for Practice Quiz or MCQ (Multiple Choice Questions) with solution are available for Practice, which would help you prepare for "Stocks and Shares" under Logical Reasoning and Data Interpretative. You can practice these practice quizzes as per your speed and improvise the topic. The same topic is covered under various competitive examinations like - CAT, GMAT, Bank PO, SSC and other competitive examinations.Q.A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. What is the market value of each share?a)Rs.12b)Rs.18`c)Rs.15d)Rs.21Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for LR.
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