Question

10. What sum should Ashok invest in 25 shares selling
at rs 36 to obtain an income of rs720, if the dividend
declared is 12%. Also find:
(i) the number of shares bought by Ashok.
(ii) the percentage return on his investment.
(ICSE 1993)​

Answer 1

Answer:

NV = Rs 25

MV = Rs 36

div% = 12%

income = NoS × div% × NV

720 = NoS × 12/100 × 25

Nos = 240

Investment = NoS × MV = 240 × 36 = Rs 8640

Now,

Return % = (income/investment) × 100 = (720/8640)×100 = 83.33%

hope it helps...