Test Index

Stocks and Shares Practice Test 2

Question : 10 of 36

Marks: +1, -0

13 \frac{1}{5}\%

at 73?

Solution: 👈: Video Solution

Concept:

For stocks, compare dividend income by taking an equal investment in both shares.

Explanation:

For

15\%

80

, income on investing Rs

80

is Rs

15

Take common investment

=80\times73

Income from first stock

= \frac{15}{80}\times(80\times73)=15\times73=1095

For

13\frac{1}{5}\%=\frac{66}{5}\%

73

, income on investing Rs

73

is Rs

\frac{66}{5}

Income from second stock

= \frac{66/5}{73}\times(80\times73)=\frac{66}{5}\times80=1056

Difference

=1095-1056=39

Answer:

39

, so the first is better by Rs

39

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