Question

a man invested rupees 8800 on buying shares of face value rupees hundred each at a premium of 10% If he earns rupees 1,200 at the end of the year as dividend find the number of shares he has in the company and the dividend percentage per share​

Answer 1

Answer:

Step-by-step explanation:

total investment=8800

f.v. of 1 share=100rs

m.v. of 1 share=110rs

annual dividend=1200rs

number of shares=8800/110=80

dividend % per share=[1200/80*100]*100=15%

Answer 2

total investment =₹8800

NV of 1 share=₹100

MV of 1 share =₹110

no of shares purchased=8800/110

=80

NV of 80 shares=₹80×100

=₹8000

let dividend%=y%

then y% of 8000=1200

or y/100×8000=1200

or 80y=1200

so, y=1200/80

=15%