Multiple choice general knowledge math & puzzles

A company declares a dividend of 15% on Rs.150 shares. A man buys such shares and gets 10% on his investment. Find at what price he bought the shares?

  1. 255

  2. 356

  3. 225

  4. 240

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Dividend per share = 15% of Rs.150 = Rs.22.50. The man gets a 10% return on his investment price (P). So, 10% of P = 22.50. Solving for P gives P = 22.50 / 0.10 = Rs.225. Other options do not satisfy the 10% yield requirement.