A man has $300,$ $50$ shares of a company paying $20 %$ dividend. Find his net income after paying $3 %$ income tax.

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Solution

Number of shares $= 300$
Nominal value of $1$ share $=$ Rs. $50$
Nominal value of $300$ shares $=$ Rs. $(300 \times 50) =$ Rs. $15000$
Annual incomes $= 20 % \times$ nominal value of $300$ shares
$= \frac{20}{100} \times 15000$
$=$ Rs. $3000$
Income tax $= \frac{3}{100} \times 3000$
$=$ Rs. $90$
Net income $=$ Rs. $(3000 - 90)$
$=$ Rs. $2910$ .

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A man has 300, 50 shares of a company paying 20% dividend. Find his net income after paying 3% income tax.

Number of shares =300Nominal value of 1 share =Rs. 50Nominal value of 300 shares =Rs. (300×50)=Rs. 15000Annual incomes =20%× nominal value of 300 shares=20100×15000=Rs. 3000Income tax =3100×3000=Rs. 90Net income =Rs. (3000−90)=Rs. 2910.

A man has $300,$ $50$ shares of a company paying $20 %$ dividend. Find his net income after paying $3 %$ income tax.