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6.	How many shares of market value Rs.25 each can be purchased for Rs.12750 brokerage being 2%?
	A.  450
	B.  500
	C.  550
	D.  600

Solution

C.P of each share = Rs.(25+ 2% of 25) = Rs. 25.50. Number of shares = (12750 / 25.50) = 500.

7.	A man invested Rs.4455 in Rs. 10 shares quoted at Rs.8.25. If the rate of dividend be 12%, his annual income is
	A.  Rs.207.40
	B.  Rs.534.60
	C.  Rs.648
	D.  Rs.655.60

Solution

Number of shares =(4455 /8.25) = 540. Face value = Rs.(540 x 10) = 5400. Annual income = Rs.(12/100 x 5400) = Rs. 648.

8.	A man invested Rs.1552 in a stock at 97 to obtain an income of Rs.128. The dividend from the stock is
	A.  7.5 %
	B.  8%
	C.  9.7%
	D.  None of these

Solution

By investing Rs. 1552, income = Rs. 128. By investing Rs. 97, income = Rs. (128/1552 x 97) = Rs. 8. Therefore, Dividend = 8%.

9.	A man invests in a 16% stock at 128. The interest obtained by him is
	A.  8%
	B.  12%
	C.  12.5%
	D.  16%

Solution

By investing Rs.128, income derived= Rs.16. By investing Rs.100, income derived = Rs.(16/128 x 100) = Rs. 12.5. Interest obtained = 12.5%.

10.	The market value of a 10.5% stock, in which an income of Rs.756 is derived by investing Rs.9000, brokerage being 1/4% is
	A.  Rs.108.25
	B.  Rs.112.20
	C.  Rs.124.75
	D.  Rs.125.25

Solution

For an income of Rs. 756, investment = Rs. 9000. For an income of Rs. 21/2 , investments = Rs. (9000/756 x 21/2) = Rs. 125. For a Rs. 100 stock, investment = Rs. 125. Market value of Rs.100 stock = Rs.(125 - 1/4) = Rs. 124.75