A man buys 200 ten-rupee shares at Rs 12.50 each and receives a dividend of 8%. Find the amount invested by him and the dividend received by him in cash.
Solution:
Face value of 200 shares = Rs. 10 × 200
= Rs. 2000
(i) Amount invested for the purchase of 200 shares at the rate of Rs. 12.50 each
= Rs. 12.50 × 200
= Rs. 2500
Find the market price of 5% share when a person gets a dividend of Rs 65 by investing Rs. 1430.
Solution:
Amount of dividend = Rs. 65
Rate of dividend = 5%
