Stocks and Shares - Arithmetic Aptitude Questions and Answers

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A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:

Rs. 207.40

Rs. 534.60

Rs. 648

Rs. 655.60

Answer : Option C

Explanation :

Number of shares = $[ \frac { 4455 } { 8.25 }]=540$

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = Rs. $[\frac { 12 } { 100 } *5400 ]$ = Rs. 648.

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