A company 's shares has a nominal value of ₹ 180 and has a annual dividend of 15 % . If a man gets 10 % on his investment, find the price he paid for each share

₹ 250

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₹ 220

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₹ 270

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₹ 280

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Solution

The correct option is C
₹ 270

Let the M.V of each share be $x$

Income % on M.V = Dividend % on N.V

Rate of income = 10 % , Dividend % = 15 % and N.V = 180

10 % of $x$ = 15 % of 180

$\frac{10}{100} \times x = (\frac{15}{100} \times 180$ )

$x$ = ₹ 270

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A company 's shares has a nominal value of ₹ 180 and has a annual dividend of 15 % . If a man gets 10 % on his investment, find the price he paid for each share

The correct option is C ₹ 270 Let the M.V of each share be x Income % on M.V = Dividend % on N.V Rate of income = 10 % , Dividend % = 15 % and N.V = 180 10 % of x = 15 % of 180 10100×x=(15100×180) x = ₹ 270

The correct option is C
₹ 270

Let the M.V of each share be $x$

Income % on M.V = Dividend % on N.V

Rate of income = 10 % , Dividend % = 15 % and N.V = 180

10 % of $x$ = 15 % of 180

$\frac{10}{100} \times x = (\frac{15}{100} \times 180$ )

$x$ = ₹ 270