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

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Solution

Nominal value of 1 share = Rs. 50
Nominal value of 300 shares = 300 × 50 = Rs. 15,000
∴ Dividend = 20% of Rs. 15,000
= $\times$ 15,000
= 𝑅𝑠. 3,000
∴ Income tax paid = 3% of Rs. 3,000
= $\times$ 3,000
= 𝑅𝑠. 90
His net income = Rs. 3,000 – Rs. 90
= Rs. 2,910

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

Nominal value of 1 share = Rs. 50 Nominal value of 300 shares = 300 × 50 = Rs. 15,000 ∴ Dividend = 20% of Rs. 15,000 = × 15,000 = 𝑅𝑠. 3,000 ∴ Income tax paid = 3% of Rs. 3,000 = × 3,000 = 𝑅𝑠. 90 His net income = Rs. 3,000 – Rs. 90 = Rs. 2,910

Nominal value of 1 share = Rs. 50
Nominal value of 300 shares = 300 × 50 = Rs. 15,000
∴ Dividend = 20% of Rs. 15,000
= $\times$ 15,000
= 𝑅𝑠. 3,000
∴ Income tax paid = 3% of Rs. 3,000
= $\times$ 3,000
= 𝑅𝑠. 90
His net income = Rs. 3,000 – Rs. 90
= Rs. 2,910