By purchasing 100 shares of a company for ₹ 150 each, a man gets 10% per annum on his investment. The rate percent the company paying is ______.

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By purchasing 100 shares of a company for ₹ 150 each, a man gets 10% per annum on his investment. The rate percent the company paying is 15%. Explanation: Given: Number of shares = 100 Purchase price per share = ₹ 150 The man earns 10% return on his investment Total investment: 100 $\times$ ₹ 150 = ₹ 15,000 Annual income = 10% of ₹ 15,000 = ₹ 1500 Assume face value of each share = ₹ 100 Total face value = 100 $\times$ ₹ 100 = ₹ 10,000 Let the dividend rate = x% x% of ₹ 10,000 = ₹ 1500 => x/100 xx 10000 = 1500 => x = (1500 xx 100)/10000 = 15%

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