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A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is__________?

Correct answer: B. 8%

  • A. 7.5%
  • B. 8%
  • C. 9.7%
  • D. None of these

Explanation

At Rs. 97 per Rs. 100 stock, Rs. 1552 buys Rs. 1552 ÷ 97 x Rs. 100 = Rs. 1600 nominal stock. Since the income is Rs. 128, dividend rate = Rs. 128 ÷ Rs. 1600 x 100 = 8%. The likely trap is option c, 9.7%, which confuses the quotation of Rs. 97 with the dividend percentage.

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Percentages express a quantity as parts per hundred and support calculations involving increases, decreases, discounts, commissions, taxes, and successive changes. Questions require distinguishing percentage change from percentage points and identifying the original value when a final value and its percentage change are given.

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