A man invests Rs 9600 on Rs 100 shares at Rs 80. If the company pays him 18% dividend find :
(ii) his total dividend.

Answer

To solve the problem, we will follow these steps:

### Step 1: Identify the given values
- Total investment = Rs 9600
- Nominal value of shares = Rs 100
- Market value of shares = Rs 80
- Rate of dividend = 18%

### Step 2: Calculate the number of shares bought
To find the total number of shares bought, we use the formula:
\[ \text{Total number of shares} = \frac{\text{Total investment}}{\text{Market value of share}} \]
Substituting the values:
\[ \text{Total number of shares} = \frac{9600}{80} = 120 \]

### Step 3: Calculate the dividend per share
The dividend per share can be calculated using the formula:
\[ \text{Dividend per share} = \left(\frac{\text{Rate of dividend}}{100}\right) \times \text{Nominal value of share} \]
Substituting the values:
\[ \text{Dividend per share} = \left(\frac{18}{100}\right) \times 100 = 18 \text{ Rs} \]

### Step 4: Calculate the total dividend
To find the total dividend, we multiply the dividend per share by the total number of shares:
\[ \text{Total dividend} = \text{Dividend per share} \times \text{Total number of shares} \]
Substituting the values:
\[ \text{Total dividend} = 18 \times 120 = 2160 \text{ Rs} \]

### Final Answer
The total dividend received by the man is Rs 2160.

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