men brought 500 shares each of face value rupees 10of a certain business concerned and during the first year after purchase and receive rupees 400 dividend on his shares find the rate of dividend on shares
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0
500*10= 5000
( 400*100)/5000
=8%
( 400*100)/5000
=8%
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5
Nominal value(N.V) : Rs.10
No. of shares : 500
Dividend : Rs.400
Formula:
Dividend = No.of shares * Div% * N.V
= 400 = 500 * Div%/100 * 10
→ Div% = (400*100)/(500*10)
= Div% = 40000/5000
= Div% = 8%
Hope it helps.
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No. of shares : 500
Dividend : Rs.400
Formula:
Dividend = No.of shares * Div% * N.V
= 400 = 500 * Div%/100 * 10
→ Div% = (400*100)/(500*10)
= Div% = 40000/5000
= Div% = 8%
Hope it helps.
Follow me for the most simplified answers.
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