Q.A person holds 200 shares of face value ₹10 each in a company that declares a dividend of 15% for the year. Find the total dividend income received.

Dividend is always calculated on face value, not market value — apply the annual income formula directly.

Step 1 — Identify the relevant values. Number of shares $=200$; Face value $=₹10$; Rate of dividend $=15\%$. (The market price of the shares is not given, and is not needed — dividend is always calculated on face value.)

Step 2 — Apply the annual income formula.

Step 3 — Compute. $200\times10=2000$ (this is the total face value of the holding). $2000\times\dfrac{15}{100} = 2000\times0.15=300$. …

Using the market price of the share (if it happens to be mentioned elsewhere in a fuller problem) instead of the face value when computing dividend income is the single most common error in this topic — dividend …