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Question
A company has a capital of ₹ 1000000 made up of ₹ 10 shares. A dividend of ₹ 50000 was declared at the end of the year to be distributed among the shareholders. Find the dividend received by Gobind holding 300 shares.
Sum
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Solution
Given:
Total capital = ₹ 10,00,000
Par value per share = ₹ 10
Total dividend declared = ₹ 50,000
Gobind holds = 300 shares
Total shares:
`= 1000000/10`
= 1,00,000 shares
Dividend per share:
`= 50000/100000`
= ₹ 0.50
Dividend received by Gobind:
= 300 × ₹ 0.50
= ₹ 150
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