sir this is the question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends
it is given that A man buys shares at the par value of Rs 10 yielding 8% dividend at the end of a year.
now please provide the solution with explanation to Find the number of shares bought if he receives a dividend of Rs 300. also cite the formula if u use anyone so that I can apply that in other questions also.
Q no. 11, exercise 3, ML Publication, share and dividends
Par value = rs. 10
Dividend%= 8%
A.I = rs. 300
N.s = ?
A.I = d/100x NS x Par value
By data,
300= 8/100 x Ns x 10
300= 4/5 x Ns
1500/4= Ns
Therefore,
Ns= rs. 375