According to the question :-

• Investment = ₹45000
• Price of 1 share = ₹125

Hence the number of shares which can be bought with ₹45000 will be :-

Reducing to the lowest terms,

• He sold a few shares to raise ₹8400.
• Let the number of shares sold be x.
• Price of 1 share sold = ₹140

Therefore number of shares sold such that it he raises ₹8400 will be :-

Reducing to the lowest terms,

• Initially he had 360 shares, but sold 60 of them later.
• Number of shares left/he still holds = 360 - 60 =≥ 300 shares

The value of 300 shares now will be :-

300 × 100

=≥ ₹30000

Dividend due will be calculated on this amount.

• Dividend % = 15%

Hence the dividend will be :-

Reducing to the lowest terms,

Dividend = ₹4500.

Verified answer

Answer: The dividend is due to him is Rs. 4500.

Step-by-step explanation:

Since we have given that

Amount invested = Rs. 45000

Cost of share = Rs. 125

So, Number of shares purchased is given by

Amount get = Rs. 8400

Cost of share = Rs. 140

So, Number of share sold is given by

Number of shares left = 360 - 60 = 300

Dividend due to him on remaining shares is given by

Hence, the dividend is due to him is Rs. 4500.