Each of ₹ 500 shares is available at a discount of ₹ 100. If the dividend on these shares is 8%, the income percent is : 1. 8% 2. 15% 3. 5% 4. 10%

Given, N.V. of each share = ₹ 500 Discount = ₹ 100 M.V. = N.V. - Discount = ₹ 500 - ₹ 100 = ₹ 400. Dividend = 8% Let income percent be r%. By formula, Income percent on M.V. = Dividend on N.V. Substituting values we get : r% of 400 = 8% of 500 Hence, Option 4 is the correct option.