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    Question

    A man bought a Rs 72 share of a company which paid 10% dividend. If the man got 18% on his investment, at what price did he buy the share?

    A Rs 54 Correct Answer Incorrect Answer
    B Rs 40 Correct Answer Incorrect Answer
    C Rs 60 Correct Answer Incorrect Answer
    D Rs 90 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Dividend on one share = 10/100×72 = Rs. 7.2  Rs 18 is the income on the investment of Rs 100 ∴ Rs 7.2 is the income on the investment of =100/18× 7.2 = Rs 40 ∴ Cost of one share = Rs 40 

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