Question

Find the dividend received on $60$ shares of $₹20$ each, if $9\%$ dividend is declared.

Answer 1

Step 1: Find the dividend for 1 share
A part of the profit of the company which a shareholder gets for his investment in shares from the company is called the dividend.
The number of shares $=60$
The nominal value of 1 share $=₹20$
The rate of dividend $=9\%$

$$\begin{gathered} \mathit{D}\mathit{i}\mathit{v}\mathit{i}\mathit{d}\mathit{e}\mathit{n}\mathit{d}\mathit{}\mathit{o}\mathit{f}\mathit{}\mathit{1}\mathit{}\mathit{s}\mathit{h}\mathit{a}\mathit{r}\mathit{e}\mathit{=}\frac{\mathit{}\mathit{R}\mathit{a}\mathit{t}\mathit{e}\mathit{}\mathit{o}\mathit{f}\mathit{}\mathit{D}\mathit{i}\mathit{v}\mathit{i}\mathit{d}\mathit{e}\mathit{n}\mathit{d}}{\mathit{100}}\mathit{\times }\mathit{N}\mathit{o}\mathit{m}\mathit{i}\mathit{n}\mathit{a}\mathit{l}\mathit{}\mathit{V}\mathit{a}\mathit{l}\mathit{u}\mathit{e}\mathit{}\mathit{o}\mathit{f}\mathit{}\mathit{1}\mathit{}\mathit{s}\mathit{h}\mathit{a}\mathit{r}\mathit{e} \\ =\frac{9}{100}\times 20 \\ =₹1.8 \end{gathered}$$

Step 2: Find the dividend for 60 shares

$$\begin{gathered} \mathit{D}\mathit{i}\mathit{v}\mathit{i}\mathit{d}\mathit{e}\mathit{n}\mathit{d}\mathit{}\mathit{f}\mathit{o}\mathit{r}\mathit{}\mathit{60}\mathit{}\mathit{s}\mathit{h}\mathit{a}\mathit{r}\mathit{e}\mathit{s}\mathit{}=\mathit{}\mathit{D}\mathit{i}\mathit{v}\mathit{i}\mathit{d}\mathit{e}\mathit{n}\mathit{d}\mathit{}\mathit{f}\mathit{o}\mathit{r}\mathit{}\mathit{1}\mathit{}\mathit{s}\mathit{h}\mathit{a}\mathit{r}\mathit{e}\mathit{\times }\mathit{60}\mathit{} \\ \mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}\mathbf{}=1.8\times 60 \\ =₹108 \end{gathered}$$

Final Answer: The dividend received on $60$ shares is $\mathbf{₹}\mathbf{108}$.