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

we have given that Rs. 100 shares of a company are sold at a discount of Rs. 20.

the condition is also given that If the return on the investment is 15%. then we have to find the the rate of dividend declared.

Q no. 28, exercise 3, ML Publication, share and dividends

Given that,

Shares of a company is RS.100

discount RS.20

Investment 15%

Now,

market value of each share =100-20=80

NV*(Dividend %)=MV*Return %

100×x=80*(15/100)

x=12