A man buys Rs. 50 shares at a 10% discount, investing Rs. 4,500. If the dividend is 9%, what is his annual income?
Correct answer C. Rs. 450
Explanation
Each share costs Rs. 45, so he buys 4,500/45 = 100 shares. Dividend per share = 9% of 50 = Rs. 4.50, giving Rs. 450.
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