A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 300. The dividend from the stock is :  Answers:
A) 7.5 % B) 18.75 % C) 9.75 % D) None of these E) Cannot be determined
Solution   By investing Rs. 1552,income = Rs. 128.   By investing Rs. 97, income = Rs. (300/1552x97)= Rs 18.75   âˆ´ Dividend =1 8.75%.   Answer 18.75 %
<result>B</result>
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 300. The dividend from the stock is :