ICSE Class X Math 2016 Paper

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

Question : 57 of 57

Marks: +1, -0

Market value of each share.

Solution:

\text{ Market value } = \frac{\text{ Investment }}{\text{ No. of shares }}

= \text{₹}\; \frac{26,400}{825}

= \text{₹} 32

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