By puchasing rupees 50 gas shares for rupees 80 each. A man gets 4% profit on his invesment. what rate percent is the company. what is his devidend if he buys 300 shares
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Step-by-step explanation:
Given that the man gets 4% profit on his investment.
Hence income on 1 share of market value Rs 80 = 4% of Rs 80
= (4/100) × 80 = Rs 3.20
Therefore on Rs 50 the company pays Rs 3.20
Thus for Rs 100 the company has to pay,
The rate percent paid by the company is 6.4%
We got Income on1 share = Rs 3.20
Therefore, income on 200 shares = Rs 3.20 × 300 = Rs 960. Thats the ans your question...
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