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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 company declared a dividend of 14%. Find tire market value of Rs. 50 shares if the return on the investment was 10%.
Answer:
Rate of dividend = 14%
Dividend on Rs. 50 = (14 x 50)/ 100 = Rs 7
Now Rs. 10 is interest on the investment of = Rs. 100
Rs. 7 will be the interest on = (100 x 7)/ 10 = Rs. 70
Hence Market value of Rs. 50 shares = Rs. 70
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