Test Index

ICSE Class X Math 2014 Paper

Show Para  Hide Para 
Salman invests a sum of money in ₹ 50 shares, paying 15%15\% dividend quoted at 20%20\% premium. If his annual dividend is ₹ 600\text{₹ 600}, calculate:
© examsnet.com
Question : 29 of 52
Marks: +1, -0
the number of shares he bought.
Solution:  
Nominal value of 1   share   =₹501\;\text{ share }\;=\text{₹}50
     Dividend on   1   share   =  15100×50\;\;\text{ Dividend on }\;1\;\text{ share }\;=\;\frac{15}{100}\times 50
  =₹7.50\;=\text{₹}7.50
Total Dividend of Salman =₹600=\text{₹}600
No. of shares bought =  6007.50=\;\frac{600}{7.50}
  =80   shares   \;=80\;\text{ shares }\;
© examsnet.com
Go to Question:
Prev Question
Next Question