Man buys a ₹80 shares in a company
which pays 20% dividend. he buy the
shares at such a price that is profit is
16% on his investment At what price
did he buy the shares?
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Answer:
dividend (profit) given by company on 1 share=10% of Rs.40
=Rs.4
suppose the man buys one share for Rs x
his profit=16% of Rs x
=Rs. 16x/100
according to the statement,16x/100
=4
=>x=25
Therefore,the man buys each shares for Rs.25
hope it helps u
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