#### A man buys shares at the par value of Rs 10 yielding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of Rs 300.

**Solution:**

Face value of each share = Rs 10

Rate of dividend = 8% p.a.

Total dividend = Rs 300

#### A man invests Rs 8800 on buying shares of face value of rupees hundred each at a premium of 10%. If he earns Rs 1200 at the end of year as dividend, find:

(i) the number of shares he has in the company.

(ii) the dividend percentage per share.

**Solution:**

Investment = Rs 8800

Face value of each share = Rs 100

and market value of each share

= Rs 100 + Rs 10 = Rs 110

Total income = Rs 1200

Total face value

= Rs

= Rs 8000