Aman buys 400 ten-rupee shares at a premium of Rs 2.50 on each share. If the rate of Rs 2.50 on each share. If the rate of dividend is 8%, find his investment.
Answer & explanation
Correct answer: option 4
The correct answer is option (4) : ₹5000
Man bought ₹10 share at a premium of ₹2.50
It means man bought each share at ₹12.50
Man's investment $=(12.50×400)$
$=₹5000$