1.

A company has issued 10000 preferred shares and 50000 common shares both of par value Rs. 100 each. The dividend on a preferred share and a common share is 12% and 17.6%, respectively. The company had a total profit of 15 lakh rupees out of which some amount was kept in reverse fund and the remaining disturbed as dividend. Find the amount kept in reserve fund?

A. Rs. 5 lakh
B. Rs. 6.5 lakh
C. Rs. 6 lakh
D. Rs. 5.5 lakh
Answer» B. Rs. 6.5 lakh


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