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A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

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A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is: Answer: Rs. 15

Dividend on Rs. 20 = Rs. [9/100 x 20] = Rs. 9/5. Rs. 12 is an income on Rs. 100. ∴ Rs. 9/5 is an income on Rs. [100/12 x 9/5] = Rs. 15.

Question context

This question is part of 📏 Arithmetic Aptitude within the broader 🧠 Aptitude Mastery subject and appears in the DemoPaper-Pakistan preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.