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Rohit Kulkami invests Rs 10000 in 10% Rs 100 shares of a company. If his annual dividend is Rs 800, find :(i) The market value of each share.(ii) The rate percent which he earns on his investment. - Mathematics

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Question

Rohit Kulkami invests Rs 10000 in 10% Rs 100 shares of a company. If his annual dividend is Rs 800, find :
(i) The market value of each share.
(ii) The rate percent which he earns on his investment.

Sum

Solution

Investment = Rs 10000
Face value of each share = Rs 100
Rate of dividend = 10%
Annual dividend = Rs 800

(i) ∴ Market value = `(10000 xx 10)/(800)` = ₹ 125

(ii) Rate percent on investment

= `(800 xx 100)/(10000)` = 8%.

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Chapter 3: Shares and Dividends - Chapter Test

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ML Aggarwal Understanding ICSE Mathematics [English] Class 10
Chapter 3 Shares and Dividends
Chapter Test | Q 3

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