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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 | |