Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A person buys 1000 shares of a company (book value ₹10, paid up ₹5) at ₹50. If the company declares a dividend of 30%, then the percentage gain earned by the person on his investment is :

Options:

5%

3%

3.5%

2.5%

Correct Answer:

3%