Question

Par value of share is $Rs.25$. Premium paid is $12$%, Dividend% $=15$%. Total shares purchased$=1000$. Calculate total dividend.

• A. $3000$
• B. $2500$
• C. $3500$
• D. None

Answer 1

The correct option is A $3000$

Total dividend $=$ PV $\times \text{dividend percent}\times \text{No. of shares}$
$=\frac{25\times 12\times 1000}{100}=3000$