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Mathematics

A company declares 8 percent dividend to the share holders. If a man receives ₹2840 as his dividend, find the nominal value of his shares.

Hint — Let the nominal value of his shares be ₹x, then 8% of ₹x = ₹2840.

Shares & Dividends

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Answer

Let nominal value of shares be ₹x

According to the given,

8% of x=2840⇒8100×x=2840⇒x=2840×1008⇒x=355008\% \text{ of } x = 2840 \\[0.5em] \Rightarrow \dfrac{8}{100} \times x = 2840 \\[0.5em] \Rightarrow x = \dfrac{2840 \times 100}{8} \\[0.5em] \Rightarrow x = 35500

∴ Nominal value of the man's shares = ₹35500

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