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

A. 7.5%

B. 8%

C. 9.7%

D. None of these

Solution:

\begin{aligned} By investing Rs . 1552, \\ income = R s . 128. \\ By investing R s . 97, \\ income = R s . (\frac{128}{1552} \times 97) \\ = R s . 8 \\ ∴ Dividend = 8 % \end{aligned}

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