By investing Rs 7500 in a company paying 10 percent dividend, an income of Rs 500 is received. What price is paid for each Rs 100 share ?

₹150

The correct answer is option (4): ₹150

Dividend on one share of $₹ 100= ₹10$

Total dividend received $=₹500$

∴ No, of shares $=\frac{₹500}{₹10}= 50$

Price of each 100 share $=₹\frac{7500}{50}$

$=₹150$