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A Company Declares 8 Percent Dividend to the Share Holders. If a Man Receives ₹ 2,840 as His Dividend, Find the Nominal Value of His Shares. - ICSE Class 10 - Mathematics

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Question

A company declares 8 per cent dividend to the shareholders. If a man receives Rs 2,840 as his dividend, find the nominal value of his shares.

Solution

Dividend% = 8%
Dividend = Rs 2,840
Let nominal value of shares = Rs y then 8% of y = Rs 2,840

`=> 8/100 xx y = "Rs"  2840`

`=> y = "Rs"  35000`

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Solution A Company Declares 8 Percent Dividend to the Share Holders. If a Man Receives ₹ 2,840 as His Dividend, Find the Nominal Value of His Shares. Concept: Shares and Dividends.
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