Neeta had 50 shares of a company ,which declared a dividend of 40% on its shares.If Neeta earned a dividend of rupees 2000 on her shares ,then the face value of each share is rupees
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Answer:
The Face value of the company is 100RS .
Step-by-step explanation:
- In context to the given question; we have to find the the face value of each shares
- Given;
Total number of shares Neeta have = 50 shares
Neeta earned a dividend = RS 2000/-
Dividend per share = 2000/50 = 40RS
Declared dividend = 40%
If 40% dividend is 40RS
Its 100% will be 100RS
which is nothing but face value
Therefore, the Face value of the company is 100RS .
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