By purchasing Rs 25 gas shares for Rs 40 each, a man gets 4 percent profit on his investment. What rate percent is the company paying ? What is his dividend if he buys 60 shares ?

Open in App

Solution

As we know,

$M . V \times p % = N . V \times d %$

=> $40 \times \frac{4}{100} = 25 \times \frac{d}{100}$

=> $d = 40 \times \frac{4}{100} \times \frac{100}{25} = 6.4$

Now,

$D i v i d e n d = N o . o f s h a r e s \times d % \times N . V$

$= 60 \times 6.4 \times 25 = 9600$

Suggest Corrections

Similar questions

A man buys 75, Rs 100 shares paying 9 percent dividend. He buys shares at such a price that he gets 12 percent of his money. At what price did he buy the shares ?

Q. A man buys 75, Rs. 100 shares of a company that pays a 9 percent dividend. He buys shares at such a price that he gets 12 percent of his money. At what price did he buy the shares?

Q. Michael buys shares of face value Rs. 500 of a company which pays 10% dividend. At what price did he buy each share from the market if his profit is 20% on his investment?

Q. A man invests Rs.

9, 600

on Rs.

100

share at Rs.

80

. If the company pays him

18 %

dividend find:
(i) the number of shares he buys.
(ii) his total dividend
(iii) his percentage return on the shares.

Q. A man invests Rs 9600 on Rs 100 shares at Rs 80. If the company pays him 18% dividend, find:
(i) The number of shares he buys.
(ii) His total dividend.
(iii) His percentage return on the shares.
[3 MARKS]

Join BYJU'S Learning Program

By purchasing Rs 25 gas shares for Rs 40 each, a man gets 4 percent profit on his investment. What rate percent is the company paying ? What is his dividend if he buys 60 shares ?

As we know, M.V×p%=N.V×d% =>40×4100=25×d100 =>d=40×4100×10025=6.4 Now, Dividend=No. ofshares × d% ×N.V =60×6.4×25=9600

As we know,

$M . V \times p % = N . V \times d %$

=> $40 \times \frac{4}{100} = 25 \times \frac{d}{100}$

=> $d = 40 \times \frac{4}{100} \times \frac{100}{25} = 6.4$

Now,

$D i v i d e n d = N o . o f s h a r e s \times d % \times N . V$

$= 60 \times 6.4 \times 25 = 9600$