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Question
Varun possesses 600 shares of ₹ 25 of a company. If the company announces a divided of 8%, then his annual income is ______.
Options
₹ 600
₹ 1200
₹ 480
₹ 120
MCQ
Fill in the Blanks
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Solution
Varun possesses 600 shares of ₹ 25 of a company. If the company announces a divided of 8%, then his annual income is ₹ 1200.
Explanation:
Dividend per share = 8% of ₹ 25
= 0.08 × 25
= ₹ 2
For 600 shares annual income = 600 × ₹ 2
= ₹ 1200
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