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Question
₹ 20,000 is spent in buying ₹ 50 shares with dividend 5%. The dividend earned is ______.
Options
₹ 1,000
₹ 200
₹ 500
₹ 2,000
Solution
₹ 20,000 is spent in buying ₹ 50 shares with dividend 5%. The dividend earned is ₹ 1,000.
Explanation:
Total amount invested = ₹ 20000
M.V/F.V of one share = ₹ 50
∴ No. of shares bought = `20000/50` = 400
Rate of Dividend = 5%
∴ Dividend on one share
= 5% of ₹ 50
= ₹ 2.50
Thus, total dividend on 400 shares
= 400 × 2.50
= ₹ 1000
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