CUET Preparation Today
A man buys shares at the par value of Rs 10 yielding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of Rs 300. |
385 390 365 375 ` |
375 ` |
The correct answer is option (4) : 375 Total received $= ₹300$ Dividend on 1 share $=₹\left(\frac{8}{100}×10\right)$ $=₹0.80$ ∴ No. of shares $=\frac{₹300}{₹0.80}=375$ |
