A man invests Rs. 5,000 in Rs. 10 shares quoted at Rs. 12.50. If the dividend is 15%, what is his annual income?
Correct answer A. Rs. 600
Explanation
He buys 5,000/12.50 = 400 shares. Dividend per share = 15% of Rs. 10 = Rs. 1.50, so income = 400 × 1.50 = Rs. 600.
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