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Dividend

A company wit...

Question

A company with 15,000 shares of ₹ 100 each declares an annual dividend of $5 %$ . What is the total dividend paid by the company?

Rs 25000

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Rs 35000

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Rs 50000

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Rs 45000

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Solution

The correct option is D
Rs 45000

Total face value = ₹ 100 $\times$ 15,000 = ₹ 15,00,000

Total amount of dividend = $5 %$ of ₹ 15,00,000

$\frac{5}{100} \times ₹ 15, 00, 000 = ₹ 75000$

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