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Question
A man invests ₹ 24000 on ₹ 60 shares at a discount of 20%. if the dividend declared by the company is 10%, then his annual income is
Options
₹ 3000
₹ 2880
₹ 1500
₹ 1440
Solution
Investment = ₹ 24000
F.V. of each share = ₹ 60
M.V. at discount of 20% =
Rate of dividend = 10%
∴ Face value of all the share =
= ₹ 30000
Annual dividend = ₹
= ₹ 3000.
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