CUET Preparation Today
Aman buys 400 ten-rupee shares at a premium of Rs 2.50 on each share. If the rate of Rs 2.50 on each share. If the rate of dividend is 8%, find dividend received. |
₹320 ₹350 ₹300 ₹280 |
₹320 |
The correct answer is option (1) : ₹320 Dividend on 1 share of $₹10=₹\left(\frac{8}{100}×10\right)$ ∴ Dividend on 400 shares of $₹10 = ₹(0.8 ×400)$ $=320$ |
