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ICSE Class 10 Answered

Can we use the formula ---        Face value * dividend% = Market Value * return%        (during Board exams) A man buys rupees 50 shares of a company which pays 12% dividend he buys the seat search a price that his profit is 15% on his investment. Is 15% also the return % in this question?
Asked by arpitt682 | 24 Aug, 2019, 12:50: PM
answered-by-expert Expert Answer
You can use the formula only if no other details are provided.
Else you have to follow the usual steps.
 
15% is the rate of return, which is also profit on investment.
Answered by Arun | 30 Aug, 2019, 09:36: AM

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