A company declares 8 per cent dividend to the share holders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares.

35, 500

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45, 500

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32, 500

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None of these

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Solution

The correct option is B $35, 500$
Let the nominal value be $x$
Rate of dividend $= 8 %$
$∴ 8 % o f x = 2840$
$\Rightarrow x = \frac{2840 \times 100}{8} = R s .35500$

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Question:

A company declares 8 percent dividend to the share holders. If a man receives Rs 2,840 as his dividend, find the nominal value of his shares

A company declares 8 percent dividend to the share holders. If a man receives Rs 2,840 as his dividend, find the nominal value of his shares.

Q. A company declares

8

percent divided to the shareholders. If a man receives

R s . 2840

as his dividend, find the nominal value of his shares.

A company with 10,000 shares of nominal value Rs 100 declares an annual dividend of 8% to the share-holders.

(i) Calculate the total amount of dividend paid by the company.

(ii) Ramesh has bought 90 shares of the company at Rs 150 per share. Calculate the dividend he receives and the percentage of return on his investment.

Q. A man bought

150

shares, each of nominal value of Rs.

100

. At the end of the year he received Rs.

500

as dividend on his shares. Find the rate of dividend on the shares.

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A company declares 8 per cent dividend to the share holders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares.

The correct option is B 35,500Let the nominal value be xRate of dividend =8%∴8%ofx=2840⇒x=2840×1008=Rs.35500

The correct option is B $35, 500$
Let the nominal value be $x$
Rate of dividend $= 8 %$
$∴ 8 % o f x = 2840$
$\Rightarrow x = \frac{2840 \times 100}{8} = R s .35500$