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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? - Mathematics

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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