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Aptitude
51.
Find the annual dividend received by Sunil for his 200 preferred shares and 1000 common
shares, both of par value Rs. 100 each if the dividend declared on a preferred share is 10%
per annum and an annual dividend of 12
1
2
 % on the common shares.      
  • A.
    Rs. 4500
  • C.
    Rs. 4000
  • B.
    Rs. 550
  • D.
    Rs. 3500
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Dividend on 200 preferred shares = 10% of Rs. (200 x 100)
 
= Rs.  
10
100
x 20000    = Rs. 2000  
 

Dividend on 1000 common shares = 12
1
2
 % of Rs. (1000 x 100)
 
= Rs.  
25/2
100
x 100000      
 
= Rs.  
25
2
x 1000    = Rs. 12500  
 
 
  Total dividend received = Rs. (2000 + 12500) = Rs. 4500  
 
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52.
Mr. Lal invested Rs. 92000 in 9
1
2
% Stock at 91 (Brokerage: Re. 1). Find the annual income  
of Mr. Lal from this investment.
  • A.
    Rs. 9000
  • C.
    Rs. 10500
  • B.
    Rs. 9500
  • D.
    Rs. 8000
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Market value of Rs. 100 stock = Rs. (91 + 1) = Rs. 92
 
Income on Rs. 92 = Rs. 9
1
2
 
 
 
  Income on Rs. 92000 = Rs.  
19
2
x
19
92
 x 92000      
 
  = Rs. 9500    
 
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53.
A man invests Rs. 27600 in 4% stock at 92. He sold Rs. 20000 stock when the price rose to Rs. 96, and sold the remaining stock when the market value fell to Rs. 90. How much does he gain or loss in the transaction?
  • A.
    Gain = Rs. 600
  • C.
    Loss = Rs. 650
  • B.
    Loss = Rs. 600
  • D.
    Gain = Rs. 650
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Stock purchased by investing Rs. 27600 in 4% stock at 92 = Rs.  
27600 x 100
92
   = Rs. 30000.  
 
Money realised by selling Rs. 20000 stock at market value of Rs. 96 = Rs.  
20000 x 96
100
   = Rs. 19200.  
 
Remaining stock = Rs. (30000 – 20000) = Rs. 10000.
 
Money realised by selling Rs. 10000 stock at Rs. 90 = Rs.   10000 x
90
100
   = Rs. 9000  
 
 
 

Total money realised by selling the whole stock = Rs. (19200 + 9000) = Rs. 28200

  
 
Money invested = Rs. 27600
 
 
  Gain = Rs. (28200 – 27600) = Rs. 600.  
 
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54.
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
  • C.
    Rs. 648
  • B.
    Rs. 534.60
  • D.
    Rs. 655.60
  • Answer & Explanation
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Answer : [C]
Explanation :
 
Number of shares =  
4455
825
   = 540  
 
Face value = Rs. (540 x 10) = Rs. 5400
 
Annual income = Rs.  
12
100
x 5400    = Rs. 648  
 
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55.
A man buys Rs. 50 shares in a company which pays 10% dividend. If the man gets 12.5% on his investment, at what price did he buy the shares?
  • A.
    Rs. 37.50
  • C.
    Rs. 48
  • B.
    Rs. 40
  • D.
    Rs. 52
  • Answer & Explanation
  • Report
Answer : [B]
Explanation :
 
Dividend on 1 share = Rs.  
10
100
x 50    = Rs. 5  
 
Rs. 12.50 is an income on an investment of Rs. 100
 
Rs. 5 is an income on an investment of Rs.   100 x
2
25
x 5    = Rs. 40  
 
 
  Cost of 1 share = Rs. 40.  
 
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