Question

Prasad purchased a share of face value of rupees hundred when it market price was rupees 150 company declared a dividend of 12% on the share what was the rate of return on investment Prasad made​

Answer 1

The rate of return is 8%.

Step-by-step explanation:

Given data:

Face value = 100 Rs

Market value = 150 Rs

Divided  12 %

If 150 rupees are invested the the return is 12 Rs.

Since:

12 / 150 = x / 100

x  = 12 x 100 / 150

x =  8 %

Thus the rate of return is 8%.

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