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Mr. Parekh invested Rs 52,000 on Rs 100 shares at a discount of Rs 20 paying 8% dividend. At the end of year he sells the shares at a premium of Rs 20. Find : (i) the annual dividend. (ii) the profit earned including his dividend. |
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Answer» Mr. Parekh invested Rs 52,000 on Rs 100 shares at a discount of Rs 20 paying 8% dividend. At the end of year he sells the shares at a premium of Rs 20. Find : (i) the annual dividend. (ii) the profit earned including his dividend. |
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