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deepaksoni
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A man buys shares at the par value of Rs 10 yielding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of Rs 300.

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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

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1 Answer

  1. 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

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