A company with 4000 shares of nominal value of Rs. 110 declares annual dividend of 15%.

by

A company with 4000 shares of nominal value of Rs. 110 declares annual dividend of 15%. Calculate :
(i) the total amount of dividend paid by the company,
(ii) the annual income of Shah Rukh who holds 88 shares in the company,
(iii) if he received only 10% on his investment, find the price Shah Rukh paid for each share. (2008)

Solution:

Number of shares = 4000
Nominal (face) value of each share = Rs. 110
Total face value of 4000 shares = Rs. 110 x 4000
= Rs, 440000
Rate of annual dividend = 15%

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q17.1

By investing Rs. 7500 in a company paying 10 percent dividend, an income of Rs. 500 is received. What price is paid for each Rs. 100 share

Solution:

Investment = Rs. 7500
Rate of dividend = 10%,
Total income = Rs. 500.
Face value of each share = Rs. 100
Total face value = \\ \frac { 100\times 500 }{ 10 } = Rs. 5000
If face value is Rs. 5000, then investment = Rs. 7500
and if face value is Rs. 100 then market value of
ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q18.1

Leave a Comment