A man invests Rs 9000 on Rs 100 shares at Rs 80.If the company pays him 18% dividend,Find:
(a) the number of shares he buys
(b)His total dividend
(c)His percentage return on the shares
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Step-by-step explanation:
(i)Number of shares=price per shareinvestment=809600=120
(ii)Total dividend=18%of N.V×no. of shares=10018×100×120=2160
(iii)Percentage return=Total InvestmentTotal Dividend×100=96002160×100=22.5%
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