Question

A company declares 8 per cent dividend to the share holders. If a man receives Rs. 2,840 as his dividend, find the nominal value of his shares.

Answer 1

Dividend% = 8%

Dividend = Rs. 2,840

Let nominal value of shares = Rs. y

8% of y = Rs. 2,840

⟹ (8/100) ×y=Rs.2,840

⟹ y = Rs. 35,500