A man has 200 shares out of 1000 total shares of a business company. He received Rs 96,000 as dividend in a year which was a certain percent of net profit of Rs 24,00,000. At what percent of the net profit was the dividend distributed?
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Number of shares =10000
Face value of each share = Rs. 200
Dividend per share = 200×
100
R
Total dividend = 10000×100×
100
R
⇒24000=10000×100×
100
R
⇒R=2.4%
Therefore, dividend =2.4%
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A man has 200 shares out of 1000 total shares of a business company. He received Rs 96,000 as dividend in a year which was a certain percent of net profit of Rs 24,00,000. At what percent of the net profit was the dividend distributed?
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