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Dividend

A company wit...

Question

A company with 4000 shars of nominal value of ₹ 110 each declares an annual dividend of 15 %, Calculate the total amount of divident paid by the company

A

₹ 16,500

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B

₹ 66,000

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C

₹ 60,000

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D

₹ 45,000

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Solution

The correct option is B
₹ 66,000

Given that the number of shares = 4000

Nominal value of each share = ₹ 110

Dividend = 15 %

Total amount of dividend paid by the company

= Dividend on one share $\times$ Number of shares

= 15 % of ₹ 110 x 4000

= ₹ 66,000

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