Question

find the number of shares if the total dividend at 8% on the shares with face value RS.10 was RS.240​.​

Answer 1

Answer:

Step-by-step explanation:

300

Answer 2

The total number of shares is 300

Given

Total Dividend paid = Rs. 240

Face value of a share = Rs. 10

Dividend payout percentage = 8%

To Find

Total number of shares

Solution

Total Dividend paid (D) = N × FV × P where,

N = Total number of shares

FV = Face value of a single share

P = The Dividend Payout Percentage

That is, 240 = N × 10 × $\frac{8}{100}$

Therefore, N = $\frac{240 \multiply 100}{8\multiply10}$ = 300

Hence, the total number of shares is 300