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

Question 6 Shares and Dividends Exercise 3

A man buys 200 ten-rupee shares at Rs. 12.50 each and receives a dividend of 8%.

Find the amount invested by him and the dividend received by him in cash.

Answer:

Given face value of shares = Rs. 10

Number of shares = 200

Therefore face value of 200 shares = 10 × 200

= Rs. 2000

Now, amount invested for the purchase of 200 shares at the rate of Rs. 12.50 each

= 12.50 × 200

= Rs. 2500

Given that rate of dividend = 8%

Therefore total amount of dividend = (2000 × 8)/100

= Rs. 160

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