Solve this multiple-choice question and choose the correct option.

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 calculation10N = 650 ⇒ N = 65Investment = 65 × 96 = 6240 VerificationIncome = 65 × 10 = Rs. 650 as needed. Final AnswerRs. 6,240

Curioustab

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

Aptitude Stocks and Shares Difficulty: Easy

Choose an option

A

Rs. 6,000
B

Rs. 6,240
C

Rs. 6,400
D

Rs. 6,720

Answer

Correct Answer: Rs. 6,240

Explanation

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 calculation10N = 650 ⇒ N = 65Investment = 65 × 96 = 6240

VerificationIncome = 65 × 10 = Rs. 650 as needed.

Final AnswerRs. 6,240

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