Mathematics
100, ₹ 100 shares (paying 10% dividend) are brought at a discount of ₹ 20 and another 100, ₹ 100 shares (paying 10% dividend) are brought at ₹ 120. The total dividend earned is :
₹ 00
₹ 2,000
₹ 400
₹ 2,400
Shares & Dividends
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Answer
For 1st share :
N.V. = ₹ 100
Dividend % = 10%
No. of shares = 100
Dividend = No. of shares × Dividend % × N.V.
= 100 × 10% × 100
= 100 × 100
= ₹ 1000.
For 2nd share :
N.V. = ₹ 100
Dividend % = 10%
No. of shares = 100
Dividend = No. of shares × Dividend % × N.V.
= 100 × 10% × 100
= 100 × 100
= ₹ 1000.
Total dividend = ₹ 1000 + ₹ 1000 = ₹ 2000.
Hence, Option 2 is the correct option.
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Related Questions
Two brothers A and B invest ₹ 16,000 each in buying shares of two companies. A buys 3% hundred rupee shares at 80 and B buys ten-rupee shares at par. If they both receive equal dividend at the end of the year, find the rate percent of the dividend received by B.
A company pays 18% dividend and its ₹ 100 share is available at a premium of 20%. The number of shares bought for ₹ 7,200 is :
1080
90
60
540
The money required, to buy 80 shares, each of ₹ 60 and quoted at ₹ 70, is :
₹ 5600
₹ 4800
₹ 80 × 60 × 70
₹ 4200
₹ 20,000 is spent in buying ₹ 50 shares with dividend 5%. The dividend earned is :
₹ 1000
₹ 200
₹ 500
₹ 2000