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Mrs Apoorva invests Rs. 12,000 in buying...

Mrs Apoorva invests Rs. 12,000 in buying Rs. 200 shares in a company at a premium of Rs. 50. If the dividend paid is 10% per annum, then Apoorva's annual income from these shares is _______.

A

Rs. 1,020

B

Rs. 960

C

Rs. 840

D

Rs. 780

Text Solution

Verified by Experts

The correct Answer is:
B
Market value = face value + Premium `=200+50=` Rs. `250`
Number of shares purchased
`=("Total investment")/("Market value")=(12,000)/250=48`
dividend is `10%` of Rs. `200=10/100xx200=` Rs. `20`
`implies` Total income from `48` shares `=48xx20`
`= Rs. 960`.
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