# Ashok Invested Rs. 26,400 on 12%, Rs. 25 Shares of a Company. If He Receives a Dividend of Rs. 2,475. Find the : Number of Shares He Bought and He Market Value of Each Share - Mathematics

Ashok invested Rs. 26,400 on 12%, Rs. 25 shares of a company. If he receives a dividend of Rs. 2,475. Find the :

1) number of shares he bought

2) The market value of each share

#### Solution

1) Total dividend = Rs.2,475

Dividend on each share 12% of Rs 25 =12/100 xx 25 = Rs .3

∴ Number of shares bought = "Total dividend"/"Dividend on 1 share" = 2475/3 = 825

2) Market value of each share = "Total Investment"/"Number of shares bought" = 26400/825  = Rs 32

Concept: Shares and Dividends
Is there an error in this question or solution?