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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. - 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

Given: Rate of dividend = 8% 
Dividend = 2840 
Let Nominal value of his share =  x
We know:
Dividend = Rate of dividend  ×× Nominal value of a share
So,
2840 = `8/100xx"x"`
x = `(2840×100)/8` = 355 × 100 = 35500
Nominal value of his share = Rs. 35500

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APPEARS IN

 Selina Solution for Concise Mathematics for Class 10 ICSE (2020 (Latest))
Chapter 3: Shares and Dividend
Exercise 3(B) | Q: 5 | Page no. 36
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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. Concept: Shares and Dividends.
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