## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends MCQS

These Solutions are part of ML Aggarwal Class 10 Solutions for ICSE Maths. Here we have given ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends MCQS

**More Exercises**

**Question 1.****If Jagbeer invest ₹10320 on ₹100 shares at a discount of ₹ 14, then the number of shares he buys is****(a) 110****(b) 120****(c) 130****(d) 150****Solution:**

Investment = ₹ 10320

Face value of each share = ₹100

M.V. of each share = ₹100 – 14 = ₹86

No. of shares = (\ frac { 10320 }{ 86 }) = 120 (b)

**Question 2.****If Nisha invests ₹19200 on ₹50 shares at a premium of 20%, then the number of shares she buys is****(a) 640****(b) 384****(c) 320****(d) 160****Solution:**

Investment = ₹19200

Face value of each share = ₹50

M.V. = ₹50 x (\ frac { 120 }{ 100 }) = ₹60

Number of shares = (\ frac { 19200 }{ 60 })

= 320 (c)

**Question 3.****₹40 shares of a company are selling at 25% premium. If Mr. Jacob wants to buy 280 shares of the company, then the investment required by him is****(a) ₹11200****(b) ₹14000****(c) ₹16800****(d) ₹8400****Solution:**

Face value of each share = ₹40

M.V. = 40 x (\ frac { 125 }{ 100 })= ₹50

Number of shares = 280

Total investment = ₹280 x 50 = ₹ 14000 (d)

**Question 4.****Arun possesses 600 shares of ₹25 of a company. If the company announces a dividend of 8%, then Arun’s annual income is****(a) ₹48****(b) ₹480****(c) ₹600****(d) ₹1200****Solution:**

Number of shares = 600

F.V. of each share = ₹25

Rate of dividend = 8%

Annual income = 600 x 25 x (\ frac { 8 }{ 100 })

= ₹1200 (d)

**Question 5.****A man invests ₹24000 on ₹60 shares at a discount of 20%. if the dividend declared by the company is 10%, then his annual income is****(a) ₹3000****(b) ₹2880****(c) ₹ 1500****(d) 1440****Solution:**

Investment = ₹24000

F.V. of each share = ₹60

M.V. at discount of 20% = 60 x (\ frac { 80 }{ 100 })= ₹48

Rate of dividend = 10%

**Question 6.****Salman has some shares of ₹50 of a company paying 15% dividend. If his annual income is ₹3000, then the number of shares he possesses is****(a) 80****(b) 400****(c) 600****(d) 800****Solution:**

F.V. of each share = ₹50

Dividend = 15%

Annual income = ₹3000

Let x be the share, then

F.V. of shares = x × 50 = ₹50x

**Question 7.****₹25 shares of a company are selling at ₹20. If the company is paying a dividend of 12%, then the rate of return is****(a) 10%****(b) 12%****(c) 15%****(d) 18%****Solution:**

F.V. of each share = ₹25 ,

M.V. = ₹20

Rate of dividend = 12%

Dividend on each share = (\ frac { 12 }{ 100 }) x 25 = ₹3

Return on ₹20 = ₹3

and on ₹100 = ₹ (\ frac { 3 }{ 20 }) x (\ frac { 5 }{ 100 }) = 15% (c)

Hope given ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends MCQS are helpful to complete your math homework.

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