Question

Rs. $12000$ are invested in Rs. $1000$ shares which are quoted at Rs. $400$. Find the income, if $10\%$ dividend is declared on the shares.

• A. $1000$
• B. $2000$
• C. $3000$
• D. $4000$

Answer 1

Answer: (C)

$3000$

Investment $=$ Rs. $12000$
M.V. of $1$ share $=$ Rs. $400$
N.V. of $1$ share $=$ Rs. $1000$
Rate of dividend $=10\%$
Number of shares bought $=$ $\frac{Investment}{M.V.of1share}=\frac{12000}{400}=30$
N.V. of $30$ shares $=30\times 1000=$ Rs. $30000$
Dividend income $=10\%$ of $30000=$ Rs. $3000$