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Aptitude
6.
A company declared a semi-annual dividend of 7
1
2
%. Find the annual dividend of Chetan,  
owing 1250 shares of the company having a par value of Rs. 10 each.
  • A.
    Rs. 1875
  • C.
    Rs. 1680
  • B.
    Rs. 1757
  • D.
    Rs. 1575
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Annual dividend on one share =   2 x 7
1
2
   %  
 
i.e. 15% of Rs. 10 =  
15
100
 x 10    = Rs. 1.50        
 
 
  Annual divided on 1250 shares = Rs. (1250 x 1.50) = Rs. 1875  
 
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7.
A company has issued 10000 preferred shares and 50000 common shares both of par value Rs. 100 each. The dividend on a preferred share and a common share is 12% and 17.6%, respectively. The company had a total profit of 15 lakh rupees out of which some amount was kept in reverse fund and the remaining disturbed as dividend. Find the amount kept in reserve fund.
  • A.
    Rs. 5 lakh
  • C.
    Rs. 6.5 lakh
  • B.
    Rs. 6 lakh
  • D.
    Rs. 5.5 lakh
  • Answer & Explanation
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Answer : [A]
Explanation :
 
12% of Rs. (10000 x 100) =  
12
100
x 10000 x 100    = Rs. 120000  
 
Dividend on 50000 common shares = 17.6% of Rs. (50000 x 100)
 
= Rs.   
17.6
100
x 50000 x 100    = Rs. 880000  
 
 
  Total dividend paid = Rs. (120000 + 880000) = Rs. 1000000 = Rs. 10 lakh  
 
 
  Amount kept in reverse fund = Rs. 15 lakh – 10 lakh = Rs. 5 lakh.  
 
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8.
Raja invested Rs. 99000 in 7
1
2
 % Stocks at 81
1
2
  (Brokerage: Re. 1). Find Ram’s annual
income from his investment.
  • A.
    Rs. 9500
  • C.
    Rs. 10500
  • B.
    Rs. 10000
  • D.
    Rs. 9000
  • Answer & Explanation
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Answer : [D]
Explanation :
 
Market value of Rs. 100 stock = Rs.   81
1
2
 + 1    = Rs. 82
1
2
   
 
Income on Rs. 82
1
2
 = Rs. 7
1
2
   
 
 
  Income on Rs. 99000 = Rs.  
15
2
x
2
165
 x 99000      
 
  = Rs. 9000    
 
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9.
A man invested Rs. 50490 in 5% stock at 99 and sold it when the price rose to Rs. 102. He invested the sale proceeds in 8% stock at 96. Find the change in man’s income (Brokerage: Rs. 3)
  • A.
    Rs. 1485
  • C.
    Rs. 1385
  • B.
    Rs. 1585
  • D.
    Rs. 1685
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Purchase price of first stock = Rs. (99 + 3 ) = Rs. 102
 
 
  Income on first stock = Rs.  
5
102
 x 50490    = Rs. 2475  
 
Sale price of stock = Rs. (102 – 3) = Rs. 99
 
 
  Amount received by selling the first stock = Rs.  
99
102
 x 50490    = Rs. 49005  
 
Purchase price of the second stock = Rs. (96 + 3) = Rs. 99
 
 
  Income on second stock = Rs.  
8
99
 x 49005    = Rs. 3960  
 
Hence, change in income = Rs. (3960 – 2475) = Rs. 1485.
 
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10.
Which is better investment – 11% stock at 143 or 9
3
4
%. Stock at 117?  
  • A.
    11% stock at 143
  • B.
    9    		 3 %  Stock at 117  
    4  
  • C.
    Both are equally goods
  • D.
    Cannot be compared, as the total amount of investment is not given
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Let investment in each case be Rs. (143 x 117)
 
Income in 1st case = Rs.  
11
143
x 143 x 117    = Rs. 1287  
 
Income in 2nd case = Rs.  
39
4 x 117
x 143 x 117    = Rs. 1394.25  
 
Clearly, 9
3
4
 % Stock at 117 is better.    
 
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