Advertisements
Advertisements
Question
A company issued 50000 shares of par value ₹ 10 each. If the total dividend declared by the company is ₹ 62,500, find the rate of dividend paid by the company.
Sum
Advertisements
Solution
Given:
Total number of shares = 50,000
Par value of each share = ₹ 10
Total dividend declared = ₹ 62,500
Total face value
= 50,000 × 10
= ₹ 5,00,000
Rate of dividend
`= ("Total Dividend"/"Total Face Value") xx100`
`= (62500/500000) xx100`
= 12.5%
shaalaa.com
Is there an error in this question or solution?
