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Question
A man buys 200 ten-rupee shares at Rs 12.50 each and receives a dividend of 8%. Find the amount invested by him and the dividend received by him in cash.
Solution
Face value of 200 shares
= Rs.10 x 200
= Rs.2000
(i) Amount invested for the purchase of 200 shares at the rate of Rs.12.50 each
= Rs.12.50 x 200
= Rs.2500
(ii) Rate of dividend = 8%
∴ Total amount of dividend
= `"Rs."(2000 xx 8)/(100)`
= Rs.160.
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