A man bought 1000 shares each of face value Rs 5 at Rs 7 per share. At the end of the year, the company from which he bought the shares declared dividend of 8 percent. Calculate the amount investment by the man.
Answer & explanation
Correct answer: option 1
The correct answer is option (1) : ₹7000
No. of shares bought =$ 1000$
Market value of 1 share =$ ₹7$
∴ The amount of money investment = $₹1000×7$
$=₹7000$