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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

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Solution

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%


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