A man invested Rs. 45000 in 15% Rs. 100 shares quoted at Rs. 125.

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A man invested Rs. 45000 in 15% Rs. 100 shares quoted at Rs. 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8400. Calculate :
(i) the number of shares he still holds. (2004)
(ii) the dividend due to him on these shares.

Solution:

Investment on shares = Rs. 45000
Face value of each share = Rs. 125

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q13.1

A company pays a dividend of 15% on its ten-rupee shares from which it deducts tax at the rate of 22%. Find the annual income of a man, who owns one thousand shares of this company.

Solution:

No. of shares = 1000
Face value of each are = Rs. 10
Rate of dividend = 15%,
Rate of tax deducted = 22%
Total face value of 1000 shares = Rs. 10 × 1000 = Rs. 10000
Total dividend = Rs 10000 x \\ \frac { 15 }{ 100 }
= Rs 1500
Tax deducted at the rate of 22 %
ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q14.1

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