This is question from ML aggarwal board ,class 10th (Avichal Publication), ICSE board, chapter3 -share and dividends
if 9% dividend is declared.
we have to Find the dividends received on 60 shares of Rs 20 each.
question no. 1, exercise 3, ML aggarwal
deepaksoniGuru
Find the dividends received on 60 shares of Rs 20 each if 9% dividend is declared.
Share
Given value of shares = Rs. 20
Therefore the value of 60 shares = Rs. 20 × 60
= Rs. 1200
Given that rate of dividend = 9%
Therefore total dividend = Rs. 1200 × 9%
= 1200 × (9/100)
= Rs 108