A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:
Choose the correct option
A) 7.5%
B) 8%
C) 9.7%
D) 10%
E) None of these
By investing Rs. 1552, income = Rs. 128   By investing Rs. 97, income = Rs. (128/1552 * 97) = Rs. 8   Dividend = 8%   Answer = 8%
<result>B</result>
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is: