Question

# The net profit of a finance company in a year is Rs 56,00,000 and the Board of
Directors announces 8% dividend from the net profit. If the company has sold 500
shares, find the dividend of each share.
A com​

Answer 1

9514 1404 393

Answer:

  ₹8,960

Step-by-step explanation:

The amount of profit to be distributed as dividends is ...

  0.08 × ₹56,000,000 = ₹4,480,000

Each share will get 1/500 of that, or ...

  dividend per share = ₹4,480,000/500

  dividend per share = ₹8,960