Mathematics
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
Shares & Dividends
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Answer
N.V. of share = ₹ 100
Premium = 20%
M.V. of share = N.V. + premium
= ₹ 100 + 20% of ₹ 100
= ₹ 100 +
= ₹ 100 + ₹ 20 = ₹ 120.
No. of shares bought = = 60.
Hence, Option 3 is the correct option.
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Related Questions
A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold shares when their price rose to ₹ 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at ₹ 3.50 per share. Find annual change in his income.
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.
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
The money required, to buy 80 shares, each of ₹ 60 and quoted at ₹ 70, is :
₹ 5600
₹ 4800
₹ 80 × 60 × 70
₹ 4200