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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. 7.50%
  • B. 8%
  • C. 9.70%
  • D. None of these.Finance

Explanation

At Rs. 97 per Rs. 100 stock, Rs. 1552 purchases Rs. 1552 ÷ 97 x Rs. 100 = Rs. 1600 nominal stock. The dividend rate is therefore Rs. 128 ÷ Rs. 1600 x 100 = 8%. The likely trap is option c, 9.70%, which mistakes the market quotation of Rs. 97 for the dividend rate.

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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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