Question

Ashok invested Rs. $26,400$ on $12\%$, Rs. $25$ shares of a company. If he receives a dividend of Rs. $2,475$, find the number of shares he bought

Answer 1

Let number of shares be $x$.
N.V. of $x$ shares $=25x$
Dividend $=\frac{25x\times 12}{100}=3x$
$2475=3x$
$x=825$
Hence number of shares $=825$