There are 250000 shares of Rs. 100 each in a bank. Virochan has 2550 shares in the bank. The bank makes a net profit of Rs. 3550000 in a year and it distributes 14% of the profit to the share holders. How much amount does he receive as the dividend? Find it
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Nominal value of 1 share = Rs 5
Market value 1 share = Rs 5 + Rs 1.15 = Rs 6.15
Total money invested = Rs 800
Market value of 160 shares= 160 x 6.15= Rs 984
His profit = Rs 984 - Rs 800= Rs 184 Ans.
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