Question

a commercial bank sold 20,000 shares in a year. the bank made a net profit of rupees 1,80,00,000 in the year and decided to distribute 10% dividend from the net profit. calculate the amount of dividend received by the shareholders whose numbers of shares are : (i) 750 (ii) 1000 (iii) 1700 .

Please give a very clear and step by step answer​

Answer 1

Step-by-step explanation:

10% of net profit =1800000

Share holders=20000

amount of dividend received by each shareholder=1800000/20000

=₹90

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