Ashok invested Rs. $26, 400$ on $12 %$ , Rs. $25$ shares of a company. If he receives a dividend of Rs. $2, 475$ , find the market value (in Rs.) of each share

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Solution

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

Market value $= \frac{Investment}{No. of shares}$
$=$ Rs $\frac{26, 400}{825}$
$=$ Rs. $32$

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Ashok invested Rs. 26,400 on 12%, Rs. 25 shares of a company. If he receives a dividend of Rs. 2,475, find the market value (in Rs.) of each share

Let number of shares be x.N.V. of x shares =25xDividend =25x×12100=3x2475=3xx=825Hence number of shares =825Market value =InvestmentNo. of shares= Rs 26,400825= Rs. 32

Ashok invested Rs. $26, 400$ on $12 %$ , Rs. $25$ shares of a company. If he receives a dividend of Rs. $2, 475$ , find the market value (in Rs.) of each share

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

Market value $= \frac{Investment}{No. of shares}$
$=$ Rs $\frac{26, 400}{825}$
$=$ Rs. $32$