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anet to . Find the gan or loss on the tl transaction27 By purchasing 750 gas shares for 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? |
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Answer» Given that the man gets 4% profit on his investment.Hence income on 1 share of market value Rs 80 = 4% of Rs 80= (4/100) × 80 = Rs 3.20Therefore on Rs 50 the company pays Rs 3.20Thus for Rs 100 the company has to pay, The rate percent paid by the company is 6.4%We got Income on1 share = Rs 3.20Therefore, income on 200 shares = Rs 3.20 × 200 = Rs 640 |
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