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Calculate the Annual Income of the Following: - Mathematics

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Question

Calculate the annual income of the following:

120 shares of Rs 50 each available at Rs 62 and paying 13% dividend.

Sum

Solution

No. of shares = 120 

Price of each share = Rs 50 

Face value of 120 shares = Rs(50 x 120) =Rs 6,000 

Dividend = 13 %

Therefore, Annual Income = Rs 13×6000100 = Rs 780

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Chapter 4: Shares and Dividends - Exercise 4.1 [Page 60]

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Frank Mathematics - Part 2 [English] Class 10 ICSE
Chapter 4 Shares and Dividends
Exercise 4.1 | Q 2.4 | Page 60

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