A man invested 20,000 in some shares in the ratio 2:3:5 which pay dividends of 10%, 30% and 20%, respectively, on the investments in that year. Find the total dividend income of the man.
Correct Answer :
₹4200
Solution :
The correct answer is ₹4200.
The man invests a total of ₹20,000 across three types of shares in the ratio 2 : 3 : 5. The dividends earned are 10%, 30%, and 20% on each respective investment. We need to find the total dividend income.
Step 1: Find the total number of ratio parts.
Total parts = 2 + 3 + 5 = 10 parts
Step 2: Calculate the actual amount invested in each share.
Share 1 (ratio part = 2):
Investment1 =
× 20,000 = ₹4,000
Share 2 (ratio part = 3):
Investment2 =
× 20,000 = ₹6,000
Share 3 (ratio part = 5):
Investment3 =
× 20,000 = ₹10,000
Step 3: Calculate the dividend income from each share.
Dividend from Share 1 (10% on ₹4,000):
Dividend from Share 2 (30% on ₹6,000):
Dividend from Share 3 (20% on ₹10,000):
Step 4: Add all the dividend incomes to get the total.
Total Dividend = ₹400 + ₹1,800 + ₹2,000
Therefore, the total dividend income of the man is ₹4,200, which confirms the correct answer.
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