Aptitude - Stocks and Shares - Discussion
Discussion Forum : Stocks and Shares - General Questions (Q.No. 7)
7.
A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
Answer: Option
Explanation:
| Number of shares = |  |
4455 |  |
= 540. |
| 8.25 |
Face value = Rs. (540 x 10) = Rs. 5400.
| Annual income = Rs. | |
12 | x 5400 | |
= Rs. 648. |
| 100 |
Discussion:
15 comments Page 2 of 2.
Amit said:
1 decade ago
How 110 shares mean 10 people?
Secondly, face value is the price quoted /printed on share certificate, here amt quoted is 18.25 but we are taking it as market value and 110 as face value.
Please anyone explain?
Thanks in advance.
Secondly, face value is the price quoted /printed on share certificate, here amt quoted is 18.25 but we are taking it as market value and 110 as face value.
Please anyone explain?
Thanks in advance.
Sundar said:
1 decade ago
4455/8.25 = 5.4 then how 540 came there?
Pratik said:
10 years ago
Annual income depends on face value only?
NoNii said:
8 years ago
Well explained, Thank you @Gowthami and @Arthi.
Gebremedihin atsbaha said:
11 months ago
Very good explanation. Thanks.
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