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How Much Should a Man Invest in Rs 100 Shares Selling at Rs 110 to Obtain an Annual Income Rs 1,680, If the Dividend Declared is 12%? - Mathematics

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Question

How much should a man invest in Rs 100 shares selling at Rs 110 to obtain an annual income Rs 1,680, if the dividend declared is 12%?

Solution

Nominal value of 1 share = Rs 100

Market value of 1 share = Rs 110

Let no. of shares purchased = n

Then nominal value of n shares = Rs (100n)

Dividend% = 12%

Dividend = Rs 1,680

∴ 12% of  100n = Rs 1680

`=> 12/100 xx 100"n" = "Rs" 1680`

`=>"n" = (1680 xx 100)/(12 xx 100) = 140`

Then market value of 140 shares= 140 × 110 = Rs 15,400

  Is there an error in this question or solution?
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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: 6 | Page no. 36
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How Much Should a Man Invest in Rs 100 Shares Selling at Rs 110 to Obtain an Annual Income Rs 1,680, If the Dividend Declared is 12%? Concept: Shares and Dividends.
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