Ashok invested `26400rs` in `12%` , `25rs` shares of a company. If he receives a dividend of `2475rs` find the
(i) number of shares he bought
(ii) market value of each share.

Answer

To solve the problem step by step, we will break it down into parts:

### Given:
- Total investment = ₹26,400
- Dividend rate = 12%
- Face value of each share = ₹25
- Total dividend received = ₹2,475

### (i) Number of shares bought

1. **Calculate the dividend on each share:**
The dividend on each share can be calculated using the formula:
\[ \text{Dividend on each share} = \left(\frac{\text{Dividend rate}}{100}\right) \times \text{Face value} \]
Substituting the values:
\[ \text{Dividend on each share} = \left(\frac{12}{100}\right) \times 25 = 3 \text{ rupees} \]

2. **Calculate the number of shares bought:**
The number of shares can be calculated using the formula:
\[ \text{Number of shares} = \frac{\text{Total dividend}}{\text{Dividend on one share}} \]
Substituting the values:
\[ \text{Number of shares} = \frac{2475}{3} = 825 \]

### (ii) Market value of each share

3. **Calculate the market value of each share:**
The market value of each share can be calculated using the formula:
\[ \text{Market value of each share} = \frac{\text{Total investment}}{\text{Number of shares}} \]
Substituting the values:
\[ \text{Market value of each share} = \frac{26400}{825} = 32 \text{ rupees} \]

### Summary of Results:
- (i) Number of shares bought = 825
- (ii) Market value of each share = ₹32

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