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deepaksoni
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A company pays a dividend of 15% on its ten-rupee shares from which it deducts income tax at the rate of 22%. Find the annual income of a man who owns one thousand shares of this company?

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question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends

what we have been is given that :-
A company pays a dividend of 15% on its ten-rupee shares and  from which it deducts income tax at the rate of 22%. so how to Find the annual income of a man who owns one thousand shares of this company. please provide explanation sothat all question of this type can be solved easily.

Q no. 14, exercise 3, ML Publication, share and dividends

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1 Answer

  1. Nominal value of 1 share = Rs. 10
    Nominal value of 1000 shares = 1000 × 10
    = Rs. 10,000
    ∴ Dividend = 15 % of Rs. 10,000
    = (15/100) ×10,000=.1,500
    ∴ Income tax paid = 22 % of Rs. 1,500
    = (22/100) ×1,500=.330
    His net income = Rs. 1,500 – Rs. 330
    = Rs. 1,170 Ans.

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