If a man received ₹ 1080 as dividend from 9% ₹20 shares.

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If a man received ₹ 1080 as dividend from 9% ₹20 shares, find the number of shares purchased by him.

Solution:

Income on one share = \\ \frac { 9 }{ 100 } × 20
= Rs \\ \frac { 9 }{ 5 }
.’. No. of shares = 1080 × \\ \frac { 5 }{ 9 }
= 120 × 5 = 600 Ans.

Find the percentage interest on capital invested in 18% shares when a Rs 10 share costs Rs 12.

Solution:

Dividend on one share = 18% of Rs 10
= \\ \frac { 18\times 10 }{ 100 }
= Rs \\ \frac { 9 }{ 5 }

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Chapter Test Q2.1

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