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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%

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B

7%

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C

9%

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D

10%

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Solution

The correct option is C

9%


Face Value of each share = ₹10

No. of shares bought = 750

Amount invested = 750 ×10= 7500

Total dividend in first year = ₹675

So, Rate of dividend = DividendAmount invested × 100

=6757500 × 100

= 9 %

Hence, the Rate of Dividend = 9 %


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