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The dividend received from 10 % Rs. 125 ...

The dividend received from 10 % Rs. 125 shares at Rs. 150, is Rs. 1875. Find the number of shares.

A

125

B

150

C

270

D

135

Text Solution

Verified by Experts

The correct Answer is:
B
`FV= Rs. 125`
`MV= Rs. 150`
Rate of dividend `=10%`
Dividend from each shares `=10%` of Rs. `125`
`= Rs. 12.5`
Given, total dividend `= Rs. 1875`.
The number of shares `=1875/12.5=150`.
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