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A man buys Rs. 25 shares in company which pays 9 % dividend. The money invested is such that it gives 10 % on investment. At what price did he buy the shares?

Correct Answer: 22.50

Explanation:

Suppose he buys each share for Rs. x.


 


Then,  R s . 25 * 9 100 = x * 10 10  or x = Rs. 22.50.


 


Cost of each share = Rs. 22.50.


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