Question

A man wants to buy $124$ shares available at $Rs66$ (N.V. $=Rs50$).
If the dividend is $7.5$, what will be his annual income

Answer 1

No. of shares $\left(n\right)=124$

Nominal value $(N.V.)=Rs.50$

Market value $(M.V.)=Rs.66$

Dividend on $1$ share $=7.5\%$ of $Rs.100=Rs.7.5$

Therefore,

Annual income $=124\times 7.5=Rs.930$