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A man bought 350 shares out of 25,000 shares at Rs 150 per share from a bank. If thebank earned a net profit of Rs 2,75,00.000 and it decided to distribute 7.5% dividendto its shareholder, how much money did the man get?​

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Final answer:

To find out how much dividend the man receives, calculate 7.5% of the bank's net profit, divide this by the total number of shares to get the dividend per share, and then multiply this by the number of shares the man owns.

Step-by-step explanation:

The student is asking how to calculate the dividend received by a man who bought a certain number of shares from a bank that earned a profit and distributed a percentage of that profit as dividends to shareholders. The bank has decided to distribute a 7.5% dividend to its shareholders.

To calculate the dividend payout for the man:

  1. First determine the total dividend amount the bank is distributing. This is done by calculating 7.5% of the bank's net profit.
  2. Second, figure out the dividend received per share by dividing the total dividend amount by the number of available shares.
  3. Finally, multiply the dividend received per share by the number of shares the man owns to get his total dividend payout.

Using the information provided, let's go through the steps:

Total net profit of bank = Rs 2,75,00,000

Dividend rate = 7.5%

Total dividend to distribute = 7.5% of Rs 2,75,00,000

Dividend per share = (Total dividend to distribute) / (Total number of shares)

Man's dividend payout = (Dividend per share) * (Number of shares man owns)

By following these calculations, we can determine the amount of money the man will get as a dividend.

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