A man invested the Rs. $14400$ in the hundred rupees shares of a company at $20 %$ premium. If the company declared dividend of $5 %$ at the end of the year then how much does he get as dividend ?

Rs.

500

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs.

600

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Rs.

650

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs.

720

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Rs. $600$
No. of share with $20 %$ premium $= \frac{14400}{120} = 120$
Face value of the shares $= 120 \times 100 =$ Rs. $12000$
He gets $5 %$ dividend,
So, his annual dividend $= \frac{(5 \times 12000)}{100} =$ Rs. $600$ .

Suggest Corrections

Similar questions

A man invests Rs.8,800 on buying shares of face value of Rupees hundred each at a premium of 10% in a company. If he earns Rs.1,200 at the end of the year as dividend, what is dividend percentage per share?

A man invests Rs 8,800 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns Rs 1,200 at the end of the year as divident, find :

(i) the number of shares he has in the company.

(ii) the dividend percent per share.

Q. A man invests 8,800 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If Rs.1,200 at the end of the year as dividend

find :

(i) the number of shares he has: company.
ii) the dividend percent per share.

Payal invests Rs 8800 on buying shares of face value of Rs 100 each at a premium of 10% in a company. If she earns Rs 1200 at the end of the year as dividend, find:

What is the dividend percentage?

A man invests Rs 8800 in buying shares of a company of nominal value of Rs 100 each at a premium of 10%. If he earns Rs 1200 at the end of each year as dividend, find:

1) No. Of shares he has in the company

2) the dividend percent per share.

Join BYJU'S Learning Program

A man invested the Rs. 14400 in the hundred rupees shares of a company at 20% premium. If the company declared dividend of 5% at the end of the year then how much does he get as dividend ?

The correct option is B Rs. 600No. of share with 20% premium=14400120=120Face value of the shares =120×100= Rs. 12000He gets 5% dividend,So, his annual dividend =(5×12000)100= Rs. 600.

A man invested the Rs. $14400$ in the hundred rupees shares of a company at $20 %$ premium. If the company declared dividend of $5 %$ at the end of the year then how much does he get as dividend ?

The correct option is B Rs. $600$
No. of share with $20 %$ premium $= \frac{14400}{120} = 120$
Face value of the shares $= 120 \times 100 =$ Rs. $12000$
He gets $5 %$ dividend,
So, his annual dividend $= \frac{(5 \times 12000)}{100} =$ Rs. $600$ .