Mathematics
Varun possesses 600 shares of ₹ 25 of a company. If the company announces a dividend of 8%, then his annual income is:
₹ 600
₹ 1,200
₹ 480
₹ 120
Shares & Dividends
1 Like
Answer
Given,
Number of shares = 600
Face Value = ₹ 25
Dividend rate = 8%
By formula,
Annual income = No. of shares × Rate of div. × N.V. of 1 share
= = ₹ 1,200.
Hence, Option 2 is the correct option.
Answered By
2 Likes
Related Questions
If Kiran invests ₹ 19,200 on ₹ 50 shares at a premium of 20%, then the number of shares she buys is :
640
160
320
240
The sum invested to purchase 15 shares of a company of nominal value ₹ 75 available at a discount of 20% is:
₹ 60
₹ 90
₹ 1350
₹ 900
A man invests ₹ 24,000 on ₹ 60 shares at a discount of 20%. If the dividend declared by the company is 10%, then his annual income is :
₹ 2,880
₹ 1,500
₹ 3,000
None of these
Amit invested a certain sum of money in ₹ 100 shares, paying a 7.5% dividend. The rate of return on his investment is 10%. The money invested by Amit to purchase 10 shares is :
₹ 250
₹ 750
₹ 900
₹ 1100