Mathew invested Rs. 67000 in Rs. 100 shares which are quoted at Rs. 120. Calculate the income if 12% dividend is declared on the shares

To calculate the income Mathew receives from the shares, let's break down the problem step-by-step.

### Step 1: Determine the number of shares purchased
- **Investment made by Mathew** = Rs. 67,000
- **Market price per share** = Rs. 120

The number of shares Mathew can purchase:
\[
\text{Number of shares} = \frac{\text{Total investment}}{\text{Market price per share}} = \frac{67000}{120} \approx 558.33
\]

Since shares can't be fractional, Mathew can buy 558 shares.

### Step 2: Calculate the dividend income
- **Nominal (face) value of each share** = Rs. 100
- **Dividend rate** = 12%

The dividend received per share is calculated as:
\[
\text{Dividend per share} = \frac{12}{100} \times 100 = 12 \text{ Rs.}
\]

Therefore, the total income from 558 shares is:
\[
\text{Total income} = 558 \times 12 = 6696 \text{ Rs.}
\]

### Final Answer
Mathew's income from the investment is **Rs. 6,696**.

Would you like more details, or do you have any questions?

### Related Questions:
1. What would be Mathew's income if the dividend rate was 15% instead of 12%?
2. How many shares could Mathew buy if the market price dropped to Rs. 110?
3. What is the percentage return on Mathew's investment based on the dividend received?
4. How would the income change if the share's face value was Rs. 50 instead?
5. What would be Mathew's investment cost if the shares were quoted at Rs. 150?

### Tip:
Always remember that dividend income is calculated on the nominal (face) value of shares, not the market price.

Mathew invested Rs. 67000 in Rs. 100 shares which are quoted at Rs. 120. Calculate the income if 12% dividend is declared on the shares.

Learn how to calculate Mathew's income from Rs. 67,000 investment in Rs. 100 shares quoted at Rs. 120 with a 12% dividend. A detailed step-by-step solution explaining key concepts like share prices, dividend rates, and income calculation. Suitable for Grades 9-11.

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