A man buys Rs. 52 shares paying 9% dividend.

A man buys Rs. 52 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

Answer/Solution

s. 39

Steps/Work

Dividend on Rs. 52 = Rs. 9/100 x 52 =Rs. 4.68 .
Rs. 12 is an income on Rs. 100.
Rs. 4.68 is an income on Rs.100/12 x 4.68 = Rs. 39.
Answer: Option E

Gain Calculator / Auto Solver

A man buys $ shares paying % dividend. The man wants to have an interest of % on his money. The market value of each share is :

Calculated Answer

39

Step by Step Solution

In order to solve problem, you must evaluate 100 / n₂ * n₀ * n₁ / 100.

n₀ =	52
n₁ =	9
n₂ =	12

100 / n₂ * n₀ * n₁ / 100
Evaluate 100 / n₂ = 8.3333333333333
8.3333333333333 * n₀ * n₁ / 100
Evaluate n₁ / 100 = 0.09
8.3333333333333 * n₀ * 0.09
Evaluate n₀ * 0.09 = 4.68
8.3333333333333 * 4.68
Evaluate 8.3333333333333 * 4.68 = 39
39
The answer to the problem and the result of 100 / n₂ * n₀ * n₁ / 100 is 39