A man buys a 15 share in a company which pays a 10% dividend and he buys this at such a price that his profit is 20% on his investment. At what price did he buy?
Answers
Answered by
0
Answer:
Dividend ( profit)given by company on 1 share=10% of Rs 40
=Rs 4
Suppose the man buys one share for Rs x
His profit=16% of Rs x
=Rs 16x /100
According to the statement, 16x/100 =4
=>x=25
Therefore, the man buys each shares for Rs.25
Similar questions