ICSE Class X Math 2014 Paper

Salman invests a sum of money in ₹ 50 shares, paying $15\%$ dividend quoted at $20\%$ premium. If his annual dividend is $\text{₹ 600}$ , calculate:

Question : 30 of 52

Marks: +1, -0

his total investment.

Solution:

Premium on 1 share

= \frac{20}{100} \times 50 = \text{₹} 10

Market value of 1 share

=50+10=\text{₹} 60

Total investment for 80 shares

=80 \times 60

= \text{₹ 4,800}

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