Home
Class 9
MATHS
Raju bought Rs.40 shares of a company wh...

Raju bought Rs.40 shares of a company which had a market value of Rs.60. He received a dividend of `30%`. How much more (or) less would have been his annual dividend per share, if his dividend rate and rate of return were interchanged?

A

Rs.2 more per share.

B

Rs.3 more per share.

C

Rs.4 less per share.

D

Rs.6 less per share.

Text Solution

Verified by Experts

The correct Answer is:
C
(i) Find the dividend from each share and rate of retaun.
(ii) First of all, find rate of return by using the following formula, `"FV"xx"Rate of divident"="MV"xx"Rate of return."`
(iii) Let x be the rate of return. Now, find `30%` of `40-x%` of 40.
Promotional Banner

Topper's Solved these Questions

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 2)|10 Videos

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3)|10 Videos

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise EASSY TYPE QUESTIONS|5 Videos

  • SETS AND RELATIONS

    PEARSON IIT JEE FOUNDATION|Exercise LEVEL 3|8 Videos

  • SIGNIFICANT FIGURES

    PEARSON IIT JEE FOUNDATION|Exercise Level 2|28 Videos

Similar Questions

Explore conceptually related problems

Teja brought Rs. 80 shares of a company which pays 15% dividend. If the rate of return is 12%, then the market price is _______.

A person invested Rs. 18,000 in buying Rs. 150 shares of a company which are available at a premium of Rs. 50. If the company pays a 9% dividend, then find the number of shares bought by him and also the annual income he earned from the investment.

Karan invests Rs. 18,000 by buying Rs. 100 shares of a company available at a discount of Rs. 10. If the company pays a dividend of 10%, then find the number of shares bought by Karan, and the rate of return on his investment.

Rs. 60,000 is invested in buying Rs. 120 shares of a company which are available at a premium of 25%. Find the number of shares bought and the annual rate of return on the investment, if dividend is paid at the rate of 10% per annum.

Rakesh invested Rs.27,000 in Rs.27 shares of a company which pays a dividend of 10% . Find the market value of each share if he derives an annual income of Rs.540 from this investment, also find the number of shares he bought.

Mr Sirkar bought Rs. 80 shares of a company at a premium of Rs. 10. If the company pays a dividend at the rate of x% per annum, and Mr sirkar earns at the rate of y% per annume on his investment, then x : y is _______.

Rs. 100 FV of a share of a company has MV Rs. 120. The company declared 9% dividend. What is the rate of return ?

Which is a better investment, (A) Rs. 60 shares at Rs. 75 paying a dividend of 10% or (B) Rs. 100 share at Rs. 120 paying a dividend of 12% ?