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A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

A. 7.5%

B. 8%

C. 9.7%

D. None of these

Correct Answer :

B. 8%


By investing Rs. 1552, income = Rs. 128.
By investing Rs. 97, income = Rs. 1281552 x 97 = Rs. 8.
Dividend = 8%
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