Question

A company issued $10000$ shares of par value Rs. $200$ each. If the total divided declared by the company is Rs. $24000$, find the rate of dividend paid by the company.

Answer 1

Number of shares $=10000$
Face value of each share $=$ Rs. $200$
Dividend per share $=$ $200\times \frac{R}{100}$
Total dividend $=$ $10000\times 100\times \frac{R}{100}$
$\Rightarrow 24000=10000\times 100\times \frac{R}{100}$
$\Rightarrow R=2.4\%$
Therefore, dividend $=2.4\%$