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MCQ

A company declares a dividend of 12% on ₹100 shares. A housewife buys such shares and gets 15% on her investment. At what price she bought the shares?

#### Options

₹ 80

₹ 85

₹ 125

₹ 76

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#### Solution

**₹ 80**

**Explanation:**

Present value of share = ₹ 100

Dividend on ₹ 100 shares = ₹ 12

Let the value of the share at purchasing time be = x

`15/100"x"=12`

x = 80

Concept: Percentage, Discount and Partnership (Entrance Exam)

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