Question

a man buys 75, 100 rupees shares paying 9% dividend. he buys shares at such a price that he gets 12 % of his money. at what price did he buy the shares.​

Answer 1

Please fine attachment for the answer.

Answer 2

Question:

A man buys 75, 100 rupees shares paying 9% dividend he buys shares at such a price that he gets 12 % of his money at what price did he buy the shares.

This question is related to Shares and Dividends

Solution:

Solution:Given:

Nominal value of 1 share = Rs100

Therefore the nominal value of 75 shares = 100 x 75 = Rs 7,500

and the Dividend in % = 9 %

Thus:

Dividend = 9 % of Rs 7,500

= 9/100 x Rs 7,500 = Rs 675

Let’s consider the market price of 1 share = Rs y

Then the market price of 75 shares = Rs 75y

Therefore, Profit % on investment = 12%

12% of 75y = Rs 657

12/100 x 75y = Rs 657

y = Rs 75

Therefore, the price of his shares is Rs 75 each