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Question

By investing Rs 45,000 in 10% Rs 100 shares, Shared gets Rs 3,000 as dividend. Find the market value of each share.


Solution

Investment=45000 
Rate of dividend=10% 
Nominal value=100 
Annual dividend=3000 
Let market value be ₹x 
So,no. Of shares=45000/x 
Income=no.of shares×nominal value×rate of dividend 
So,3000=45000/x × 10/100 ×100 
x=450000/3000 
=150 
So the market value of each share is ₹150.
 

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