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Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval.
The average cost of 3 chairs is Rs. 10000. The average cost decrease by 22% when one more chair is included. What is the cost price of the 4th