A corporation declares an annual dividend of 5%. Mugdho owns 500 shares (par value Tk. 80). How much dividend will he receive?

Question: A corporation declares an annual dividend of 5%. Mugdho owns 500 shares (par value Tk. 80). How much dividend will he receive?

Solution:
Amount of total shares = 500 × 80 = Tk. 40000

From Tk. 100 Mugdho gets dividends Tk. 5
From Tk. 1 Mugdho gets dividends Tk. 5/100
From Tk. 40000 Mugdho gets dividends Tk. (5 × 40000)/100
= Tk. 2000