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 : 30 of 52

Marks: +1, -0

his total investment.

Solution:

Premium on 1 share

=\;{20}/{100} × 50=₹ 10

Market value of 1 share

"\;=50+10=₹ 60

Total investment for 80 shares

=80 × 60

\;=\₹ 4,800

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