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What sum should Ashok invest in Rs 25 shares, selling at Rs 36 to obtain an income of Rs 720 if the dividend declared is 12%? Also find: (i) the number of shares bought by Ashok, (ii) the percentage return on his investment. [4 MARKS]

Answer» What sum should Ashok invest in Rs 25 shares, selling at Rs 36 to obtain an income of Rs 720 if the dividend declared is 12%? Also find:
(i) the number of shares bought by Ashok,
(ii) the percentage return on his investment.
[4 MARKS]


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