A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 140. The dividend from the stock is :
Choose the correct option.
A) 7.5 %
B) 8.75 %
C) 9.7 %
D) None of these
E) Cannot be determined
Solution   By investing Rs. 1552,income = Rs. 140.   By investing Rs. 97, income = Rs. (140/1552x97)= Rs.8.75   âˆ´ Dividend = 8.75%.   Answer 8.75 %
<result>B</result>
A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 140. The dividend from the stock is :