ICSE Class 10CISCE
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

A Company Gives X% Dividend on Its Rs. 60 Shares, Whereas the Return on the Investment in These Shares is (X + 3) %. If the Market Value of Each Share is Rs. 50, Find the Value of X. - ICSE Class 10 - Mathematics

Login
Create free account


      Forgot password?

Question

A company gives x% dividend on its Rs. 60 shares, whereas the return on the investment in these shares is (x + 3) %. If the market value of each share is Rs. 50, find the value of x.

Solution

Nominal value of 1 share = Rs. 60
Market value of 1 share = Rs. 50

Dividend% = x%
Return% = (x+3)%
According to question
x% of Rs. 60 = (x+3)% of Rs. 50

⇒ `x/100 ×Rs. 60 = (x+3)/100 ×Rs. 50`
⇒ 60x = 50x + 150
⇒ 10x = 150
⇒ x = `150/10` = 15.

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

Solution A Company Gives X% Dividend on Its Rs. 60 Shares, Whereas the Return on the Investment in These Shares is (X + 3) %. If the Market Value of Each Share is Rs. 50, Find the Value of X. Concept: Shares and Dividends Examples.
S
View in app×