Mathematics

Salman has some shares of ₹50 of a company paying 15% dividend. If his annual income is ₹3000, then the number of shares he possesses is
80
400
600
800

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Let the number of shares Salman owns be x

Nominal Value per share = ₹50

Rate of Dividend = 15%

Annual Dividend = ₹3000

Annual Dividend = No. of shares x Rate of Dividend x Nominal Value per share

According to the given,

$3000 = x \times \dfrac{15}{100} \times 50 \\[0.5em] 3000 = \dfrac{15x}{2} \\[0.5em] x = \dfrac{3000 \times 2}{15} \\[0.5em] x = 400$

∴ Option 2 is the correct option.

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