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Yash Has 1200 Shares of Rs 150 Each of 'Honeywell Corporation' Paying 18% Dividend. Find His Net Income After Paying. - Mathematics

Sum

Yash has 1200 shares of Rs 150 each of 'Honeywell Corporation' paying 18% dividend. Find his net income after paying.

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Solution

No. of shares = 1200

Nominal value of each share =Rs 150 

Face value of 1200 shares= Rs (150 x 1200) =Rs 1,80,000 

Rate of dividend = 18 %

Total dividend = `(180000 xx 18)/100` = Rs 32400

Rate of income tax = 8 %

Total tax = `(8 xx 32400)/100` = Rs 2592

Net income = Rs (32,400 - 2,592) = Rs 29,808 

Concept: Shares and Dividends Examples
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APPEARS IN

Frank ICSE Class 10 Mathematics Part 2
Chapter 4 Shares and Dividends
Exercise 4.1 | Q 5 | Page 61
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