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Anu Has 750 Shares of Rs 60 Each of 'Tata Infotech' Paying 15% Dividend. Find Her Net Income After Paying 6% Income Tax. - Mathematics

Sum

Anu has 750 shares of Rs 60 each of 'Tata Infotech' paying 15% dividend. Find her net income after paying 6% income tax.

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Solution

No. of shares = 750

Nominal value of each share =Rs 60 

Face value of 750 shares= Rs (60 x 750) =Rs 45,000 

Rate of dividend = 15 % 

Total dividend =`(45000 xx 15)/100` = Rs 6750

Rate of income tax = 6 %

Total tax = `(6 xx 6750)/100` = Rs 405

Net income= Rs (6,750 - 405) =Rs 6,345 

Concept: Shares and Dividends Examples
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APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 4 Shares and Dividends
Exercise 4.1 | Q 6 | Page 61
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