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