Question

a company declares 8 percent dividend to the share holders.If a man receives Rs2840 as his dividend,find the nominal value of his shares

Answer 1

Nominal value of the shares=x
Dividend received=Rs 2840
8% of x =2840
8/100 * x =2840
x=(2840*100)/8
x=35500
Therefore
Nominal value of the shares =x =Rs35500

Answer 2

The dividend given by company = 8%

The man received dividend
= Rs 2840

Let the nominal value of his share = X

8 % of X = Rs 2840
Or
8/100 X= Rs 2840
So X= Rs (2840 x 100/8)
So X = Rs 284000/8
= Rs 35,500

So nominal value of share
= Rs 35,500

Hope it helps.