Question

Anujbuys rupees 25 share of a company which pays 20% dividend. The market price is such that he get 25% of his salary. At what price did he buy it?​

Answer 1

Answer:

80

Step-by-step explanation:

Present value of share = Rs100

Dividend on Rs100 share = Rs12

Let value of share at purchasing time be = x

100

15

x=12

x=80