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

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Solution

Let nominal value of the shares = Rs X
8%of. X= Rs2840
8/100 × X=2840
X=(2840×100)/8
=355×100
=Rs35500
Therefore;
Nominal value of shares =X
=Rs35500

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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

Let nominal value of the shares = Rs X 8%of. X= Rs2840 8/100 × X=2840 X=(2840×100)/8 =355×100 =Rs35500 Therefore; Nominal value of shares =X =Rs35500

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

Let nominal value of the shares = Rs X
8%of. X= Rs2840
8/100 × X=2840
X=(2840×100)/8
=355×100
=Rs35500
Therefore;
Nominal value of shares =X
=Rs35500