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                                    A company declares 8 per cent dividend to the share holders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares. | 
                            
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Answer»  Dividend% = 8% Dividend = Rs. 2,840 Let nominal value of shares = Rs. y 8% of y = Rs. 2,840 ⟹ (8/100) ×y=Rs.2,840 ⟹ y = Rs. 35,500  | 
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