Question:A man buys Rs. 25 shares in a company which pays 9% dividend. The money invested is such that it gives 10% on investment. At what price did he buy the shares ?
Answer Suppose he buys each share for Rs. x. Then,` (25 xx 9/100) = (x xx 10/100) or x = 22.50.` :. Cost of each share = Rs. 22.50.
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A man buys Rs. 25 shares in a company which pays 9% dividend. The money invested is such that it gives 10% on investment. At what price did he buy the shares ?