Salim bought 800 shares of face value ₹ 50 at ₹ 60 per share. The company declared a dividend of 12%. The percentage return on his investment is ______.

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Salim bought 800 shares of face value ₹ 50 at ₹ 60 per share. The company declared a dividend of 12%. The percentage return on his investment is 10%. Explanation: Given: Number of shares = 800 Face value per share = ₹ 50 Market price (cost) per share = ₹ 60 Dividend declared = 12% Investment = 800 $\times$ ₹ 60 = ₹ 48,000 Dividend = 12% of ₹ 50 = ₹ 6 Income = 800 $\times$ ₹ 6 = ₹ 4,800 Return % = ($\frac{4800}{48000}$)xx100 = 10%

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