Request a call back

Mr. Gupta invested Rs. 33000 in buying Rs.100 shares of a company at 10% premium. The dividend declared by the company is 12% . Find: (a) the number of shares purchased by him. (b) his annual dividend
Asked by sagarmishra | 15 Mar, 2024, 03:22: PM

If each share of Rs.100 is purchased with 10% premium, then cost price of each share = Rs 110.

If Rs. 33000 is invested to purchase shares at the rate of Rs.110 per share ,

Then number of shares purchased = 33000/110 = 300

Face value 300 shares = Rs. 100 × 300 = Rs.30000

If divdend is 12% , then divedent amount = (12/100) × 30000 = Rs.3600

Answered by Thiyagarajan K | 15 Mar, 2024, 04:17: PM

## Concept Videos

ICSE 10 - Maths
Asked by sagarmishra | 15 Mar, 2024, 03:22: PM
ICSE 10 - Maths
Asked by shethdhanesh | 18 Nov, 2023, 07:38: AM
ICSE 10 - Maths
Asked by sukhmanshergill723 | 23 Apr, 2022, 04:17: PM
ICSE 10 - Maths
Asked by ramyaramyashree432 | 28 Mar, 2022, 07:20: AM
ICSE 10 - Maths
Asked by rohanshinde68.10spicertl | 13 Jun, 2020, 03:14: PM
ICSE 10 - Maths
Asked by balasahebjagdale0 | 07 Jun, 2020, 07:24: PM