Question

19. Two brothers A and B invest 16,000 each
in buying shares of two companies. A buys
3% hundred-rupee shares at 80 and B buys
ten-rupee shares at par. If they both receive
equal dividend at the end of the year, find the
rate percent of the dividend received by B.​

Answer 1

Step-by-step explanation:

Sum invested=Rs.16000

N.V of each share=Rs.100

M.V of each share=Rs.80

∴No.of share brought=

M.Vofoneshare

investmevt

=

80

16000

=200

Rate of dividend=3%

Dividend on 1 share=3% of 100=

100

3

×100=Rs.3

Total dividend received=200×3=Rs.600

For B

Sum invested=Rs.16000

N.V of each share=Rs.10

M.V of each share=Rs.10

∴No.of share brought=

M.Vofoneshare

investmevt

=

10

16000

=1600

Let the Rate of dividend received by B=x%

⇒ Dividend on each share=x% of Rs.10=

100

x

×10=Rs.

10

x

Dividend on 1600 shares=1600×

10

x

=Rs.160x

Since dividend received by both is same

∴160x=600

⇒x=

160

600

=3.75%