Mathematics
A man buys ₹40 shares of a company which pays 10% dividend. He buys the shares at such a price that his profit is 16% on his investment. At what price did he buy each share?
Shares & Dividends
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Answer
Let the market value of 1 share be ₹x
Dividend on 1 share of ₹40 = 10% of ₹40 = ₹4
As per the given,
∴ The man bought each share at ₹25
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