Amit invested a certain sum of money in ₹ 100 shares, paying a 7.5% dividend. The rate of return on his investment is 10%. The money invested by Amit to purchase 10 shares is ______.

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Amit invested a certain sum of money in ₹ 100 shares, paying a 7.5% dividend. The rate of return on his investment is 10%. The money invested by Amit to purchase 10 shares is ₹ 750. Explanation: Dividend per ₹ 100 share = 7.5% of 100 = ₹ 7.50 Rate of return = "Dividend"/"Market price" = 10% $\Rightarrow$ Market price = 7.$\frac{5}{0}$.10 = ₹ 75 per share For 10 shares: 75 $\times$ 10 = ₹ 750

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