Discussion Forum



1)

A man buys Rs. 30 shares in a company which pays 9% dividend. Hie money invested is such that it gives 10% on investment. At what price did he buy the shares?


A) 30

B) 27

C) 26

D) 25

E) 28

Answer:

Option B

Explanation:

Let cost of each share = Rs. x

Them, 30 X (9/100)= x * (10/100) => x =( 30 X 9 X 100) / ( 100 X 10)= Rs. 27