1) A man buys Rs. 30 shares in a company which pays 9% dividend. The money invested is such that it gives 10% on investment. At what price did he buy the shares? A) 30 B) 27 C) 25 D) 20 Answer: Option 27Explanation:Suppose he buys each share for Rs. x. Then (30 x (9/100))=(X * (10/100)) or X =27 Cost of each share = Rs. 27 Cost of each share = Rs. 22.50.
