Shalini has 500, ₹ 60 shares of a company paying 20% dividend. If she pays 10% income tax, then her net income is ______.

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Shalini has 500, ₹ 60 shares of a company paying 20% dividend. If she pays 10% income tax, then her net income is ₹ 5400. Explanation: Given: Number of shares = 500 Face value per share = ₹ 60 Dividend rate = 20% Income tax = 10% Dividend per share = 20% of ₹ 60 =$\frac{20}{100}$xx60 = ₹ 12 Total dividend = 500 $\times$ 12 = ₹ 6000 Tax = 10% of ₹ 6000 = ₹ 600 Net income = ₹ 6000 − ₹ 600 = ₹ 5400

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