CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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.

Open in App
Solution

Investment=Rs.14000
N.V of each share=Rs.40
Premium=40%
M.V =40+40% of 40=40+40100×100=Rs.16+40=Rs.56
Div%=8%
No.of share=investmeniM.Vof1share=1400056=250
His annual income=no.of share×div %×N.V of 1 share
250×8100×40=Rs.800



flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Dividend
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon