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ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends
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A man invests Rs 8800 on buying shares of face value of rupees hundred each at a premium of 10%. If he earns Rs 1200 at the end of year as dividend, find:
(i) The number of shares he has in this company
(ii) The dividend percentage per share.
Answer:
Given investment = Rs 8800
Face value of each share = Rs 100
Market value of each share = 100 + 10 = Rs 110
Total income = Rs 1200
Therefore total face value = (8800 × 100)/ 110
= Rs 8000
(i) Number of shares = 8000/100
= 80
(ii) Rate of dividend = (1200 × 100)/ 8000
= 15%
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