Question 12 Marks
Mamta invested Rs. 10,846 in buying the shares of a company at Rs. 17 each. If the face value of each share be? 10 and company paid 15% dividend at the end of the year, find the dividend earned by her.
Answer
View full question & answer→Market value of 1 share = ₹ 17
Total invested money = ₹ 10,846
Number of shares bought = $\frac{10,846}{17}$
= 638
Face value of 638 shares
= 638 x ₹ 10
= ₹ 6,380
Dividend received by Mamta = ₹$\left(6,380 \times \frac{15}{100}\right)$
= ₹ 957
Total invested money = ₹ 10,846
Number of shares bought = $\frac{10,846}{17}$
= 638
Face value of 638 shares
= 638 x ₹ 10
= ₹ 6,380
Dividend received by Mamta = ₹$\left(6,380 \times \frac{15}{100}\right)$
= ₹ 957