Question

1. Ashok invested Rs.26400 on 12%, rs.25 shares of a company. If he receives a dividend of RS.2475, find the:

1. Number of shares he bought.

2. Market value of each share.

Answer 1

Let the number of shares be x
dividend = 2475
( x ) * 25 * (12/100) = 2475
x = 2475/3
x = 825

1)number of shares = 825

investment = 26400
2)MV = 26400/825 = 32