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Lavan had two types of shares. He had 80...

Lavan had two types of shares. He had 800 shares of type A which gave him an annual dividend of Rs.4000. If he had 200 more shares of type B than A, which gave him the same annual dividend, then find his annual income from each share of B. (in Rs.)

A

4

B

`3.50`

C

2

D

`2.50`

Text Solution

Verified by Experts

The correct Answer is:
A
(i) Annual divided from each share
`=("Total annual dividend")/("Total number of shares")`.
(ii) Number of shares of type B = (Number of shares of type A) + 1200.
(iii) Total dividend on shares of type B = Total dividend on shares of type A = Rs.4000.
(iv) Annual income from each share of type
`"B"=("Total dividend for type B")/("Number of shares of type B")`.
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