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Banking Sample Paper IBPS PO (PT) Sample Test Paper-2

  • question_answer
    A man bought a Rs. 65 share of a company which paid 12% dividend. If the man got 16% on his investment, at what price did he buy the share?

    A)  Rs.58.57                      

    B)  Rs.48.75

    C)  Rs.38.32                      

    D)  Rs.52.25

    E)  None of these

    Correct Answer: B

    Solution :

     Dividend on one share\[=\frac{12}{100}\times 65\] = Rs. 7.8 Rs. 16 is the income on the investment of Rs. 100. \[\therefore \] Rs. 7.8 is the income on the investment of \[=\frac{100}{16}\times 7.8=Rs.48.75\] \[\therefore \]Cost of one share = Rs. 48.75


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