1.

Mr Parekh invested Rs 52,000 on Rs 100 shares at a discount of Rs 20 paying 8% dividend. At the end of one year, he sells the shares at a premium of Rs 20. Find : (i) The annual dividend (ii) The profit earned including his dividend [4 MARKS]

Answer» Mr Parekh invested Rs 52,000 on Rs 100 shares at a discount of Rs 20 paying 8% dividend. At the end of one year, he sells the shares at a premium of Rs 20. Find :
(i) The annual dividend
(ii) The profit earned including his dividend
[4 MARKS]


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