Multiple choice

A steel organisation with 6,000 shares of nominal value of Rs. 150 each declares an annual dividend of 18%. What is the total dividend paid by the organisation?

  1. Rs. 2,62,000

  2. Rs. 1,62,000

  3. Rs. 62,000

  4. Rs. 4,62,000

  5. Rs. 16,200
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Total value of 6,000 shares = 6000 x 150 = Rs. 9,00,000 Total amount of dividend = 18% of 9,00,000 = Rs. 1,62,000

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