Question

A company declares $8$ percent divided to the shareholders. If a man receives $Rs.2840$ as his dividend, find the nominal value of his shares.

Answer 1

Let the nominal value of shares be ${}^{\prime }{x}^{\prime }$.

ATP,

$8$% of $x=2840$

$\Rightarrow \frac{8}{100}\times x=2840$

$\Rightarrow x=\frac{2840\times 100}{8}=3,55,00$.

Hence, Normal Value $=Rs.35,500$.