Question

A man invests Rs 9600 on Rs 100 shares at Rs 80. If the company pays him 18% dividend, find:
(i) The number of shares he buys.
(ii) His total dividend.
(iii) His percentage return on the shares.
[3 MARKS]

Answer 1

Each subpart: 1 Mark each

(i) No. of shares = $\frac{9600}{80}=120$
(ii) Total dividend = $\frac{18}{100}\times 100\times 120=Rs2160$
(iii) $Return\%=\frac{2160}{9600}\times 100=22.5\%$