A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs.

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

Quiz

Answer/Solution

8%

Steps/Work

Income of Rs 128 on Investment of Rs 1552
Income of Rs ? on Investment of Rs 96
=(96*128)/1522=8%
ANSWER:B