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 dividend he received

Explanation

To calculate the dividend, we need to find the total value of the shares and then find 15% of that value. The total value of the shares is 200 * 12 = Rs. 2400. Then, 15% of 2400 is (15/100) * 2400 = Rs. 360.

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