A man bought 200 shares each of face value Rs. 10 at Rs. 12 per share. At the end of the year, the company from which he bought the shares declares a dividend of $15 \%$. Calculate the amount of money invested by the man
Explanation
The man bought 200 shares each of face value Rs. 10 at Rs. 12 per share. So, the total amount invested by the man is 200 x 12 = Rs. 2400. The dividend declared by the company is 15%, but it does not affect the amount invested by the man.
⬆ Related Topic
📘 Syllabus
📝 Practice Questions
Practice Previous Year Questions →
🤖 Practice with AI
Generate Practice Question Paper →