This is question from ML aggarwal board ,class 10th (Avichal Publication), ICSE board, chapter3 -share and dividends …..
A company declares 8 percent dividend to the share holders.
If a man receives a Rs. 2840 as his dividend,
so we have to find the nominal value of his shares.
Question no. 2, exercise 3, ML aggarwal
Given that :- rate of dividend = 8%
And amount of dividend = Rs. 2840
Terefore nominal value of shares =Amount of dividend *100/rate
=(2840 × 100)/8
=Rs. 35500