Question

Pratik owned 300 shares of a company with face value Rs 10 each. Find his annual dividend if the company declared 12% dividend​

Answer 1

Given : Pratik owned 300 shares of a company with face value of Rs. 10 each.

To Find : his annual dividend if the company declared 12 % dividend

Solution :

Pratik owned 300 shares

Face value of Rs. 10 each.

Company declared 12 % dividend

Dividend per share = (12/100)10 = Rs. 1.2

No. of shares = 300

Total dividend = 300 × 1.2 = Rs. 360

Annual dividend = Rs. 360

Answer 2

Answer:

Annual dividend of the company is Rs.360

Step-by-step explanation:

Given data: Pratik possessed 300 shares in a company that had a face value of Rs. 10 per share.

To Determine: his annual dividend assuming the corporation paid a dividend of 12%

Pratik had 300 shares with a face value of Rs. 10 each. The company issued a dividend of 12%.

Dividend per share = (12/100)10

= 1.2 rupees

Total number of shares = 300

Total dividend = 300 x 1.2

= 360 rupees annual dividend

Conclusion:

Annual dividend is 360rs.