ICSE Class 10 Answered
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
Expert Answer
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
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