Question

A company decleares 8 percent dividend to the shareholders.if a man receives ₹2840 as his dividend ,find the nominal value of his shares.

Answer 1

Answer :
Given : Rate of dividend = 8%
And
Dividend = 2840
Let Nominal value of his share = x
We know :

Dividend = Rate of dividend × Nominal value of a share

So,

2840 = 8100 × x

x = 2840 × 1008 = 355 × 100 = 35500
So,

Nominal value of his share = Rs . 35500 ( Ans )

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