Mathematics
A man buys ₹ 50 shares of a company, paying 12 percent dividend, at a premium of ₹ 10. Find :
(i) the market value of 320 shares;
(ii) his annual income;
(iii) his profit percent.
Shares & Dividends
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Answer
(i) Market value of 1 share = ₹ 50 + ₹ 10 = ₹ 60.
∴ Market value of 320 shares = 320 × ₹ 60 = ₹ 19,200.
Hence, market value of 320 shares = ₹ 19,200.
(ii) Annual income = No. of shares × Rate of div. × N.V. of 1 share
=
= ₹ 1,920.
His total annual income = ₹ 1,920.
(iii) Profit % = = 10%.
Hence, profit % = 10%.
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