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Praveen invests Rs. 24,000 in Rs. 100 sh...

Praveen invests Rs. 24,000 in Rs. 100 shares of a company paying 10% dividend. If his annual income from these shares is Rs. 1200, then the market value of each share is Rs. _______.

A

100

B

200

C

300

D

400

Text Solution

Verified by Experts

The correct Answer is:
B
(i) `MV=("Total investment")/("Number of shares")`
(ii) Rate of return `=("Annual income")/("Total investment")xx100`
(iii) By using the following formula find `MV`. Use, `FVxx`Rate of dividend `=MVxx` Rate of return.
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