this question from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends
this question has been asked in 2016. It is very important question
we have been given that Ashok invests Rs 26400 on 12% Rs 25 shares of a company.
If he receives a dividend of Rs 2475,
we have to find The number of shares he bought and The market value of each share.
please provide the explanation with citing formula wherever applied.
Q no. 8, exercise 3, ML Publication, share and dividends
let the number of shares be x
dividend = 2475
( x ) x 25 x (12/100) = 2475
x = 2475/3
x = 825
1)number of shares = 825
investment = 26400
2)MV = 26400/825 = 32