Swapnil invests ₹14950 in ₹100 shares of a company, paying $14 %$ dividend. If her annual income from shares be ₹1610, what will be the market value of each share?

₹120

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₹130

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₹150

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₹145

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Solution

The correct option is B
₹130

Total annual income = ₹1610

Annual income from 1 share = $14 %$ of ₹ 100 = ₹14

Number of shares bought by swapnil = $\frac{Total annual income}{Income from 1 share} = \frac{1610}{14} = 115$

Market value of each share = $\frac{Total investment in all the shares}{Number of shares bought}$

= $\frac{14950}{115}$ = ₹130

Hence, the market value of each share is ₹130.

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Swapnil invests ₹14950 in ₹100 shares of a company, paying 14% dividend. If her annual income from shares be ₹1610, what will be the market value of each share?

Swapnil invests ₹14950 in ₹100 shares of a company, paying $14 %$ dividend. If her annual income from shares be ₹1610, what will be the market value of each share?