[1K]
A group of young people who have returned from foreign employment have opened an investment company with
the idea of improving the economy of all rural people. The company issued the IPO (initial public offering) shares of
11,00,000 kitta at the rate of Rs 100 per share for local residents and started business after collecting capital. In the
first year of operation Rs 1,00,00,000 profit was made. The meeting of the board of directors of the company has
been decided to distribute cash dividend of Rs 60,00,000 from the profit amount to the shareholders.
(a) (From what amount is the cash dividend distributed?)
[2HA]
(b) (What percentage of cash dividend was distributed?) [1A] Ans: 60%
c)
The company made a profit of 1,50,00,000, how much amount of cash dividend will Sanjivani get at the same
rate if she has 15,000 shares?
Ans: Rs 1,22,727.27
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