ICSE Class X Math 2014 Solved Paper

Salman invests a sum of money in ₹ 50 shares, paying $15 \%$ dividend quoted at $20 \%$ premium. If his annual dividend is $₹ 600$ , calculate:

Question : 29 of 52

Marks: +1, -0

the number of shares he bought.

Solution:

Nominal value of

1 \;\text " share "\;=₹ 50

\;\;\text " Dividend on "\; 1 \;\text " share "\;=\;{15}/{100} × 50

\;={\₹} 7.50

Total Dividend of Salman

={\₹} 600

No. of shares bought

=\;{600}/{7.50}

\;=80 \;\text " shares "\;

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