A man invests Rs 42000 in hundred rupee shares of a company at a premium
of 20% . The company pays 12% dividend annually. Find
(i) the number of shares purchased
(ii) his annual income from the shares and
(iii) the profit per cent from the shares.
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Step-by-step explanation:
ANSWER
No. of share with 20% premium= 14400÷120
=120
Face value of the shares =120×100= Rs. 12000
He gets 5% dividend,
So, his annual dividend =
100
(5×12000)
= Rs. 600.
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