wiz-icon
MyQuestionIcon
MyQuestionIcon
7
You visited us 7 times! Enjoying our articles? Unlock Full Access!
Question

A man invests ₹ 8000 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns ₹ 1200 at the end of the year as dividend, then find the i) number of shares he has in company and ii) dividend percent per share


A

80 & 15% respectively

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

90 & 12% respectively

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

110 & 8% respectively

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

120 & 15% respectively

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

The correct option is A

80 & 15% respectively


Face value is given as ₹ 100 (N.V) ; Sold at 10 % premium

So Market value (M.V) =100+10100×100=110

Amount Invested = ₹ 8800

No. of share he bought =Amount InvestedM.V of 1 share= 8800 110=80

Now Total amount he got at end of year= ₹ 1200

So Total amount = No. of share × Dividend % × M.V

1200=80×Dividend %×100

1200=80×r100×100

r=15%


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Shares
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon