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16.	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%.

17.	The cash realised on selling a 14% stock is Rs.106.25, brokerage being 1/4% is
	A.  Rs.105.50
	B.  Rs.105.90
	C.  Rs.106
	D.  Rs.113.75

Solution

Cash realised = Rs. (106.25 - 0.25) = Rs. 106.