Question

Find the total dividend at 10% on 340 shares of face value ₹ 100 each.​

Answer 1

Given:

Dividend=10%

Number of shares=340

Face value of shares=Rs.100

To find:

The amount of dividend

Solution:

The required dividend is Rs.3,400.

We will first calculate the purchased shares' value purchased.

So, the value of shares=Number of shares bought×share's face value

Using the values, we get

Shares' value=340×100

=Rs.34,000

Now, the dividend on these shares is 10% of their value.

We will calculate 10% of the shares' value.

So, the total dividend=10% of Rs.34,000

=34,000×10/100

=34,000/10

=Rs.3,400

Therefore, the required dividend is Rs.3,400.