A man bought $150$ shares, each of nominal value of Rs. $100$ . At the end of the year he received Rs. $500$ as dividend on his shares. Find the rate of dividend on the shares.

1.11 %

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2.22 %

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3.33 %

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4.44 %

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Solution

The correct option is A $3.33 %$
N.V. of $1$ share $=$ Rs. $500$
N.V. of $150$ shares $= 150 \times 100 = 15000$
Dividend income $=$ Rs. $500$
Rate of dividend $=$ $\frac{Dividend}{Total N.V.} \times 100 %$
$= \frac{500}{15000} \times 100 = 3.33 %$

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A man bought 150 shares, each of nominal value of Rs. 100. At the end of the year he received Rs. 500 as dividend on his shares. Find the rate of dividend on the shares.

The correct option is A 3.33%N.V. of 1 share = Rs. 500N.V. of 150 shares =150×100=15000Dividend income = Rs. 500Rate of dividend = DividendTotal N.V.×100%=50015000×100=3.33%

A man bought $150$ shares, each of nominal value of Rs. $100$ . At the end of the year he received Rs. $500$ as dividend on his shares. Find the rate of dividend on the shares.

The correct option is A $3.33 %$
N.V. of $1$ share $=$ Rs. $500$
N.V. of $150$ shares $= 150 \times 100 = 15000$
Dividend income $=$ Rs. $500$
Rate of dividend $=$ $\frac{Dividend}{Total N.V.} \times 100 %$
$= \frac{500}{15000} \times 100 = 3.33 %$