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.

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Solution

Dividend% = 8%
Dividend = Rs. 2,840
Let nominal value of shares = Rs. y
8% of y = Rs. 2,840
⟹ $\frac{8}{100} \times$ y = Rs. 2,840
⟹ y = Rs. 35,500

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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.

Dividend% = 8% Dividend = Rs. 2,840 Let nominal value of shares = Rs. y 8% of y = Rs. 2,840 ⟹ 8100× y = Rs. 2,840 ⟹ y = Rs. 35,500

Dividend% = 8%
Dividend = Rs. 2,840
Let nominal value of shares = Rs. y
8% of y = Rs. 2,840
⟹ $\frac{8}{100} \times$ y = Rs. 2,840
⟹ y = Rs. 35,500