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Question
By purchasing Rs. 25 shares for Rs. 40 each, a man gets a 4 percent profit on his investment. What rate percent is the company paying? What is his dividend if he buys 60 shares?
Solution
Nominal value of 1 share = Rs. 25
Market value of 1 share = Rs. 40
Profit% on investment = 4%
Then profit on 1 share = 4% of Rs. 40 = Rs. 1.60
∴ Dividend% =
No. of shares purchased = 60
Then dividend on 60 shares = 60 × Rs. 1.60 = Rs. 96
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