ICSE Class X Math 2016 Solved Paper

Ashok invested ₹ 26,400 on $12 \%$ , ₹ 25 shares of a company. If he receives a dividend of $₹$ 2,475 , find the :

Question : 56 of 57

Marks: +1, -0

number of shares he bought.

Solution:

Let number of shares be

x

\;\text " N.V. of "\; x \;\text " shares "\;\;=25 x

\;\text " Divident "\;\;=\;{25 x × 12}/{100}=3 x

2475\;=3 x

x\;=825

Hence number of shares

=825

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