By purchasing Rs 50 gas shares for Rs 80 each, a man gets 4% profit on his investment. What rate percent is company paying ? What is his dividend if he buys 200 shares ?
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : ₹640
Let the company be paying x% on ₹ 50 shares
According to given,
x% of ₹50 = 4% of ₹ 80
$\frac{x}{100}×50=\frac{4}{100}×80$
$x= 6.4$
Dividend on 1 share of ₹50 = $₹\left(\frac{6.4}{100}₹50\right)= 3.2 $
∴Dividend on 200 shares of $₹50 = ₹ (3.2×200)= ₹640$