Question

Salman has some shares of ₹ 50 of a company paying 15% dividend. If his annual income is ₹ 3000, then the number of shares he possesses is

Options

• 80

• 400

• 600

• 800

Answer 1

F.V. of each share = ₹ 50
Dividend = 15%
Annual income = ₹ 3000
Let x be the share, then
F.V. of shares = x × 50 = ₹ 50x

Dividend = `(50x + 15)/(100)` = 30

= `(15)/(2)x` = 3000

⇒ x = `(3000 xx 2)/(15)`
⇒ x = 400
∴ Number of shares = 400.