Question

3. A man buys 400, twenty-rupee shares at a
premium of 4 each and receives a dividend
of 12%. Find :
(i) the amount invested by him.
(ii) his total income from the shares.
(iii) percentage return on his money.​

Answer 1

Answer:

(|||) is the correct answer

Answer 2

Answer:

10 %

Step-by-step explanation:

 

Nominal value of 1 share =Rs 20

Market value of 1 share Rs 20+Rs 4

No of shares purchased = 400

Nominal value of shares= 400x20=Rs 8,000

Market value of 400 shares=400x24=9,600

Dividend=12%

Dividend=12% Rs 8000

12  Rs 8000= Rs 960

100

3] Percentage return = income x 100%

                                      Investment

= 960 x 100% =10%

9600

Hope it helps