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A man invested Rs. 388 in a stock at 97 to obtain and income of Rs. 22. The dividend from the stock is?

12%
3%
51/2%
22.68%

Correct Answer: 51/2%

Explanation:

When investment is Rs. 388, income = Rs. 22
When investment is Rs. 97, income = Rs. (22 / 388) x 97 = Rs. 5.50
∴ Dividend on Rs. 100 stock = 5¹/₂%

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