11. A man has 300, * 50 shares of a company
paying 20% dividend. Find his net income
after paying 3% income tax.
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Answer:
A man has 50 share withe value of Rs.300
Total value of 50 share=50×300=Rs.15000
Dividend=
100
20
×15000=3000
Total value=15000+3000=Rs.18000
His net income after paying 3 % income tax=18000−
100
3
×18000
⇒18000−540=Rs.17460.
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