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Question
The number of ₹ 25 shares, paying 24% dividend, with total dividend ₹ 1,350 is ______.
Options
125
27
225
200
MCQ
Fill in the Blanks
Solution
The number of ₹ 25 shares, paying 24% dividend, with total dividend ₹ 1,350 is 225.
Explanation:
Given total dividend = ₹ 1350
Dividend on one share = 24% of ₹ 25
= `(24/100 xx 25)`
= ₹ 6
∴ Number of share bought
= `"Total Dividend"/"Dividend on 1 share"`
= `1350/6`
= ₹ 225
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