Mathematics
A man buys 75, ₹ 100 shares paying 9 percent dividend. He buys shares at such a price that he gets 12 percent of his money. At what price did he buy the shares?
Shares & Dividends
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Answer
We know that,
Rate of dividend × N.V. = Profit (return) % × M.V.
Let M.V. of each share be x.
Hence, cost of share is ₹ 75 each.
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