A company declares 8 percent dividend to the share holders If a man receives a Rs2840 as his dividen...

Question

A company declares 8 percent dividend to the share holders If a man receives a Rs2840 as his dividend find the nominal value of his shares

Accepted Answer

Given that rate of dividend 8 Also given that amount of dividend Rs 2840 Therefore nominal value of shares 2840 1008 Rs 35500

ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends