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How Much Should a Man Invest in Rs. 50 Shares Selling at Rs. 60 to Obtain an Income of Rs. 450, If the Rate of Dividend Declared is 10%. Also Find His Yield Percent, to the Nearest Whole Number. - ICSE Class 10 - Mathematics

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Question

How much should a man invest in Rs. 50 shares selling at Rs. 60 to obtain an income of Rs. 450, if the rate of dividend declared is 10%. Also find his yield percent, to the nearest whole number.

Solution

Since Dividend on 1 share 10% of Rs. 50 = `10/100 xx Rs 50 = Rs 5`

∴ Number of shares bought = `"Total dividend"/"Dividend on 1 share" = "Rs. 450"/"Rs 5" = 90`

Since market value of each share Rs. 60

∴ Sum invested by the man = 90 x Rs 60 = Rs 5400

Percentage return = `"Total return"/"Sum invested" xx 100% = (Rs 450)/(Rs 5400) xx 100% = 8.33% = 8%`

  Is there an error in this question or solution?

APPEARS IN

 2016-2017 (March) (with solutions)
Question 5.2 | 3.00 marks

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Solution How Much Should a Man Invest in Rs. 50 Shares Selling at Rs. 60 to Obtain an Income of Rs. 450, If the Rate of Dividend Declared is 10%. Also Find His Yield Percent, to the Nearest Whole Number. Concept: Shares and Dividends Examples.
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