Question

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.

• A. 8%
• B. 7%
• C. 9%
• D. 10%

Answer 1

The correct option is C

9%

Face Value of each share = ₹10

No. of shares bought = 750

Amount invested = 750 $\times 10=₹7500$

Total dividend in first year = ₹675

So, Rate of dividend = $\frac{Dividend}{Amountinvested}$ $\times$ 100

=$\frac{675}{7500}$ $\times$ 100

= 9 %

Hence, the Rate of Dividend = 9 %