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Question
Shahrukh 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
400
600
800
200
MCQ
Fill in the Blanks
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Solution
Shahrukh 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 400.
Explanation:
Dividend per share = 15% of ₹ 50
= 0.15 × 50
= ₹ 7.5
Number of shares = Total annual income ÷ Dividend per share
= 3000 ÷ 7.5
= 400
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