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T - N & Vriddhi (P) Ltd has issued 500 preferred shares and 400 common shares - both of par value Rs. 100 each. The dividend on a preferred share and a common share is 8% and 12%, respectively. The company had a total profit of Rs. 1,50,000. The company keeps some amount in reverse fund and distributed the remaining as dividend. Find the amount kept in reserve fund.

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T - N & Vriddhi (P) Ltd has issued 500 preferred shares and 400 common shares - both of par value Rs. 100 each. The dividend on a preferred share and a common share is 8% and 12%, respectively. The company had a total profit of Rs. 1,50,000. The company keeps some amount in reverse fund and distributed the remaining as dividend. Find the amount kept in reserve fund.






 
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