Bradley Simmons
07/14/2024 · Elementary School

A cooperative decided to distribute \( 15 \% \) dividend of the net profit cams in the year. It had distributed 12000 shares. a. The cooperative carmed net proff of Rs. \( 22,00,000 \) in a year. Wh dividend does a person with 250 shares receive? b. What should be the net profit of the cooperative so that each share shot receive Rs. 35 at same tate of dividend"

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To solve the problem, we will first calculate the dividend per share based on the given net profit and then determine the required net profit for a specific dividend per share. ### Part (a) 1. **Calculate the total dividend distributed:** The cooperative decided to distribute \( 15\% \) of the net profit. The net profit is Rs. \( 22,00,000 \). \[ \text{Total Dividend} = 15\% \text{ of } 22,00,000 = \frac{15}{100} \times 22,00,000 = 3,30,000 \] 2. **Calculate the dividend per share:** The total number of shares is \( 12,000 \). \[ \text{Dividend per share} = \frac{\text{Total Dividend}}{\text{Total Shares}} = \frac{3,30,000}{12,000} = 27.5 \] 3. **Calculate the dividend for a person with 250 shares:** \[ \text{Dividend for 250 shares} = 250 \times 27.5 = 6,875 \] So, a person with 250 shares receives Rs. \( 6,875 \). ### Part (b) 1. **Determine the required net profit for each share to receive Rs. 35:** We want each share to receive Rs. \( 35 \). Let \( x \) be the required net profit. The total dividend distributed will still be \( 15\% \) of \( x \). \[ \text{Total Dividend} = 15\% \text{ of } x = \frac{15}{100} \times x = 0.15x \] 2. **Calculate the total dividend based on the number of shares:** The total dividend can also be expressed in terms of the dividend per share and the total number of shares: \[ \text{Total Dividend} = \text{Dividend per share} \times \text{Total Shares} = 35 \times 12,000 = 4,20,000 \] 3. **Set the two expressions for total dividend equal to each other:** \[ 0.15x = 4,20,000 \] 4. **Solve for \( x \):** \[ x = \frac{4,20,000}{0.15} = 28,00,000 \] So, the net profit of the cooperative should be Rs. \( 28,00,000 \) so that each share receives Rs. \( 35 \) at the same rate of dividend.

Quick Answer

(a) A person with 250 shares receives Rs. 6,875. (b) The net profit should be Rs. 28,00,000 for each share to receive Rs. 35.
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