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ICSE Class 10 Mathematics Question 3 of 28

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Question 52

Akshay buys 350 shares of ₹ 50 par value of a company. The dividend declared by the company is 14%. If his return percent from the shares is 10%, find the market value of each share.

Answer

Given,

Rate of dividend = 14%

Dividend on ₹ 50 = 14100×50\dfrac{14}{100} \times 50 = ₹ 7.

Given,

Return percent from the shares is 10%.

∴ Interest on ₹ 100 = 10100×100\dfrac{10}{100} \times 100 = ₹ 10.

∴ ₹ 7 will be interest on 10010×7\dfrac{100}{10} \times 7 = ₹ 70.

Hence, market value of each share = ₹ 70.