To earn Rs. 650 from 10% stock quoted at Rs. 96 (no brokerage), how much must be invested?

Concept / Approach

• Dividend is on face value: 10% of Rs. 100 = Rs. 10 per Rs. 100 stock.
• Let N be the number of Rs. 100 stocks required; income = 10 × N = 650 ⇒ find N, then multiply by market price 96.

Step-by-step calculation
10N = 650 ⇒ N = 65Investment = 65 × 96 = 6240

Verification
Income = 65 × 10 = Rs. 650 as needed.

Final Answer
Rs. 6,240