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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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