Question

50. Pink Panther Industry has a capital of 35,000 preference shares with 7%
dividend rate and remaining ordinary shares. The par value of both shares is
100 each. The company made a profit of 40,00,000 in 2012-13 and
5,00,000 were for reserve fund. The remaining amount was distributed as
dividend among the shareholders. If ordinary shareholders got a dividend at
5% rate, find no. of ordinary shares.​

Answer 1

Answer:

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Answer 2

Explanation:

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