Question

Prabhat bought some shares of face value 350 each
at a 20% premium. A dividend of 10% was paid on
each share. If Prabhat received an annual dividend of
*960, how many shares did he buy?​

Answer 1

Answer:

let no of share be x

annual dividend = x × 350 × 10/100

960 = 35x

X= 960/35= 27.....