a man interested rs 4455 in 10 shares quoted at 8..., Rances & Games of Skill, General Mathematics

Question:A man interested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the man gets 12.5% on his annual income is :

A Rs. 534.60 
B Rs. 655.60 
C Rs. 648 
D Rs. 207.40

/59

+ AnswerC

+ ExplanationNumber of shares` = (4455/8.25)`

                             `= 540`

Face value`= Rs. (540 xx 10)`

                `= Rs. 5400.

Annual income` = Rs. (12/100 xx 5400)`

                      ` = Rs. 648`

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