Question

a company declares 8 percent dividend to the share holders.if a man receives 2840as his dividend,find the nominal value of the shares.​

Answer 1

Let nominal value of the shares = Rs x

8%of. x= Rs2840

8/100 * x=2840

x=(2840*100)/8

x=355*100

x=Rs35500

Therefore

Nominal value of shares =x=Rs35500

I hope it was helpful........