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By Purchasing Rs 25 Gas Shares for Rs 40 Each, a Man Gets 4 per Cent Profit on His Investment. What Rate per Cent is the Company Paying? What is His Dividend If He Buys 60 Shares? - ICSE Class 10 - Mathematics

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Question

By purchasing Rs 25 gas shares for Rs 40 each, a man gets 4 per cent profit on his investment. What rate per cent is the company paying? What is his dividend if he buys 60 shares?

Solution

Nominal value of 1 share = Rs 25

Market value of 1 share = Rs 40

Profit% on investment = 4%

Then profit on 1 share = 4% of Rs 40= Rs 1.60

∴ Dividend% = 1.60/25  × 100% = 6.4%

No. of shares purchased= 60

Then dividend on 60 shares = 60 × Rs 1.60 = Rs 96

  Is there an error in this question or solution?

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Solution By Purchasing Rs 25 Gas Shares for Rs 40 Each, a Man Gets 4 per Cent Profit on His Investment. What Rate per Cent is the Company Paying? What is His Dividend If He Buys 60 Shares? Concept: Shares and Dividends.
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