Raju bought Rs.40 shares of a company which had a market value of Rs.60. He received a dividend of `30%`. How much more (or) less would have been his annual dividend per share, if his dividend rate and rate of return were interchanged?A. Rs.2 more per share.B. Rs.3 more per share.C. Rs.4 less per share.D. Rs.6 less per share.

Raju bought Rs.40 shares of a company which had a market value of Rs.6

1.	Raju bought Rs.40 shares of a company which had a market value of Rs.60. He received a dividend of `30%`. How much more (or) less would have been his annual dividend per share, if his dividend rate and rate of return were interchanged?A. Rs.2 more per share.B. Rs.3 more per share.C. Rs.4 less per share.D. Rs.6 less per share.
Answer» Correct Answer - C (i) Find the dividend from each share and rate of retaun. (ii) First of all, find rate of return by using the following formula, `"FV"xx"Rate of divident"="MV"xx"Rate of return."` (iii) Let x be the rate of return. Now, find `30%` of `40-x%` of 40.

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