Mathematics
By investing ₹ 7,500 in a company paying 10 percent dividend, an annual income of ₹ 500 is received. What price is paid for each of ₹ 100 share ?
Shares & Dividends
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Answer
Let x be price paid for each share.
No. of shares =
Annual income = No. of shares × Rate of div. × N.V. of 1 share
Hence, price paid for ₹ 100 share = ₹ 150.
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