Share

# 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

Course

#### 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

Is there an error in this question or solution?