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Question

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


A

₹ 250

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B

₹ 220

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C

₹ 270

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D

₹ 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

10100×x=(15100×180)

x = ₹ 270


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