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Mathematics

Rajesh invested ₹ 75,000 in a company paying 10% dividend. If ₹ 10 shares of this company are available for ₹ 15, the return on these shares is :

  1. ₹ 2,500

  2. ₹ 5,000

  3. ₹ 3,750

  4. ₹ 7,500

Shares & Dividends

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Answer

No. of shares bought = Sum depositedM.V. of each share=7500015\dfrac{\text{Sum deposited}}{\text{M.V. of each share}} = \dfrac{75000}{15} = 5000.

Dividend on 1 share = Dividend % × N.V. of each share

= 10100×10\dfrac{10}{100} \times 10 = ₹ 1.

Dividend on 5000 shares = 5000 × ₹ 1 = ₹ 5000.

Hence, Option 2 is the correct option.

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