Question

Find the percentage interest on capital invested in 18% shares when a Rs 10 share costs Rs 12.

Answer 1

Dividend on one share = 18% of Rs 10

= `(18 xx 10)/(100)`

= `"Rs." (9)/(5)`
Income on ₹ 12 = `(9)/(5)`

Then income of ₹ 100 = `(9)/(5) xx (100)/(12)`

= 15

∴ Percentage interest on capital = 15%.