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ICSE Class 10 Answered

How much should a man invest in rupees 50 shares selling at rupees 60 to obtain an income of rupees 450if the rate of dividend is declared at 10 %  
Asked by truptirever16 | 27 Mar, 2019, 09:36: PM
answered-by-expert Expert Answer
If 10% divident is given on Rs.50 share ivident amount per share = Rs.5
To get Rs.450 as divident, no. of shares to be purchased = 450/5 =  90 shares
 
If selling price of one share is Rs.60, amount to be invested for 90 shares = 90×60 = Rs.5400
Answered by Thiyagarajan K | 27 Mar, 2019, 10:18: PM

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