A man buys ₹20 shares paying $9 %$ dividend. The man wants to have an interest of $12 %$ on his money. How much is the market value of each share?
[1 mark]

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Solution

Given Rate of Interest = 12%
Dividend % = 9%
N.V = ₹20

We know

Rate of Interest $\times$ M.V = Dividend % $\times$ N.V

12% $\times$ M.V = 9% $\times$ 20

M.V = $\frac{9}{100}$ $\times$ $\frac{100}{12}$ $\times$ 20

= ₹15 [1 Mark]

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A man buys ₹20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. How much is the market value of each share? [1 mark]

Given Rate of Interest = 12% Dividend % = 9% N.V = ₹20 We know Rate of Interest × M.V = Dividend % × N.V 12% × M.V = 9% × 20 M.V = 9100 × 10012 × 20 = ₹15 [1 Mark]

A man buys ₹20 shares paying $9 %$ dividend. The man wants to have an interest of $12 %$ on his money. How much is the market value of each share?
[1 mark]

Given Rate of Interest = 12%
Dividend % = 9%
N.V = ₹20

We know

Rate of Interest $\times$ M.V = Dividend % $\times$ N.V

12% $\times$ M.V = 9% $\times$ 20

M.V = $\frac{9}{100}$ $\times$ $\frac{100}{12}$ $\times$ 20

= ₹15 [1 Mark]