Question

Mr .Manilal purchased 90 shares of face value RS 115, company declared 9 percent dividend on the shares find (a) the sum invested (b) dividend received (c) rate of return

Answer 1

(a) the sum invested = 10,350 Rs.

(b) dividend received = 810 Rs.

(c) rate of return = 7.83%

Step-by-step explanation:

Mr. Manilal purchased the number of shares = 90

Face Value (FV) of each share = 100 Rs.

Market Value (MV) of each share = 115 Rs.

Dividend declared per share = 9%

(a) The sum invested = 90 × 115 = 10,350 Rs.

(b) Dividend received on each share = 9% of 100

                                                             = 0.09 × 100

                                                            = 9 Rs.

Dividend received on total shares = 90 × 9 = 810 Rs.

(c) Rate of return = $\frac{income}{investment}\times 100$

                            = $\frac{810}{10350} \times 100$

                            = 7.83%

(a) the sum invested = 10,350 Rs.

(b) dividend received = 810 Rs.

(c) rate of return = 7.83%

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