A man buys 75, Rs 100 shares paying 9 percent dividend. He buys shares at such a price that he gets 12 percent of his money. At what price did he buy the shares ?

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Solution

The dividend on the share = 9% of face value
$= \frac{9}{100} \times 100$ = Rs 9

$R a t e o f r e t u r n = \frac{i n c o m e}{i n v e s t m e n t} \times 100$

$12 = \frac{9}{i n v e s t m e n t} \times 100$

Investment = 75

so, he bought the shares at RS 75

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A man buys 75, Rs 100 shares paying 9 percent dividend. He buys shares at such a price that he gets 12 percent of his money. At what price did he buy the shares ?

The dividend on the share = 9% of face value =9100×100 = Rs 9 Rate of return=incomeinvestment×100 12=9investment×100 Investment = 75 so, he bought the shares at RS 75

The dividend on the share = 9% of face value
$= \frac{9}{100} \times 100$ = Rs 9

$R a t e o f r e t u r n = \frac{i n c o m e}{i n v e s t m e n t} \times 100$

$12 = \frac{9}{i n v e s t m e n t} \times 100$

Investment = 75

so, he bought the shares at RS 75