ICSE Class X Math 2014 Solved Paper

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

Question : 30

Total: 52

his total investment.

Solution:

Premium on 1 share =‌

100

×50=₹10
Market value of 1 share "‌=50+10=₹60
Total investment for 80 shares =80×60
‌=₹4,800

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