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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:

7.5%
8%
9.7%
None of these

Correct Answer: 8%

Explanation:

By investing Rs. 1552, income = Rs. 128.

By investing Rs. 97, income = Rs.	❨	128	x 97	❩	= Rs. 8.
		1552

∴ Dividend = 8%

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