By purchasing Rs. 50 gas shares for Rs. 80 each, a man gets 4% profit on his investment.

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By purchasing Rs. 50 gas shares for Rs. 80 each, a man gets 4% profit on his investment. What rate percent is company paying? What is his dividend if he buys 200 shares?

Solution:

Market value of each share = Rs 80
Face value of each share = Rs. 50
Interest on investment = 4%
ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3 Q27.1
Dividend = Rs 10000 x \\ \frac { 6.4 }{ 100 }
= Rs 640

Rs. 100 shares of a company are sold at a discount of Rs. 20. If the return on the investment is 15%. Find the rate of dividend declared

Solution:

Market value of each shares = 100 – 20
= Rs.80
Interest on investment of Rs. 80
= 15% × 80
= \\ \frac { 15 }{ 100 } × 80
= Rs 12
Dividend on face value of Rs. 100 = Rs. 12
Rate of dividend = 12%. Ans.

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