A man bought 16 shares at ₹97 and gets a dividend of ₹128. Find the rate of dividend on the shares ?

$8.5 %$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

$6 %$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

$7.5 %$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

$8.2 %$

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
$8.2 %$

Number of shares bought = 16;
M.V of each share = ₹97
Total Investment = Number of shares bought x M.V of each share = $16 \times 97$ = ₹1552
Total dividend = ₹128
$∴$ Dividend = $\frac{dividend}{Total investment} = \frac{128}{1552} \times 100$ = 8.2%

Suggest Corrections

Similar questions

A man bought 750 share, each face of value of ₹10, of a certan business concern and during the first year, receives ₹675 as dividend on his shares. Find the rate of dividend.

Q. 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.

Q. A man bought Rs.40 shares at a premium of 40%. Find his income, if he invests Rs.14,000 in these shares and receives a dividend at the rate of 8% on the face value of the shares.

Q. A man bought Rs. 40 shares at a discount of 40%. Find his income, if he invests Rs. 12,000 in these shares and receives a dividend at the rate of 11% on the face value of the shares.

Q. A company declares a dividend of

12 %

on Rs

100

shares. A housewife buys such shares and gets

15 %

on her investment. At what price she bought the shares?

Join BYJU'S Learning Program

A man bought 16 shares at ₹97 and gets a dividend of ₹128. Find the rate of dividend on the shares ?

The correct option is D 8.2% Number of shares bought = 16; M.V of each share = ₹97 Total Investment = Number of shares bought x M.V of each share =16×97= ₹1552 Total dividend = ₹128 ∴ Dividend = dividend Total investment=1281552×100 = 8.2%

The correct option is D
$8.2 %$

Number of shares bought = 16;
M.V of each share = ₹97
Total Investment = Number of shares bought x M.V of each share = $16 \times 97$ = ₹1552
Total dividend = ₹128
$∴$ Dividend = $\frac{dividend}{Total investment} = \frac{128}{1552} \times 100$ = 8.2%