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

Total: 52

the number of shares he bought.

Solution:

Nominal value of 1‌ share ‌=₹50
‌‌ Dividend on ‌1‌ share ‌=‌

100

×50
‌=₹7.50
Total Dividend of Salman =₹600
No. of shares bought =‌

600

7.50

‌=80‌ shares ‌

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