Advertisements
Advertisements
प्रश्न
Ananth had Rs 50 shares of 'Esco' paying 6% dividend. He sold them at a market price of Rs 80 and invested the proceeds in buying Rs 100 shares of 'Y2K Software' at Rs 150 and paying 11% dividend. He thus increased his annual income by Rs 2,150. How many shares of 'Esco' did he sell?
Advertisements
उत्तर
For shares of 'Esoo':
Let x be the no. of shares sold by Ananth.
Nominal value of each share =Rs 50
Face value of x shares =Rs 50x
Market value of each share = Rs 80
Market value of x shares = Rs 80x = proceeds from selling
Dividend = 6 % of Rs 50 x = `6/100` × Rs 50 x = Rs 3x ......(i)
For shares of 'Y2K Softvvare':
Market value of each share = Rs 150
Number of shares bought= proceeds from selling 'Esco' / market value of 'Y2K Softvvare'
`= (80 x)/150 = (8x)/15`
Nominal value of each share =Rs 100
Face value of `(8 x)/15` shares = Rs Rs 100 x `(8 x)/15` = Rs 53.33 x
Dividend = 11 % of Rs 53.33x = Rs `(11 xx 53.33 x)/100` = Rs 5.86 x ...........(ii)
Increase in annual income =Rs 2, 150 =subtraction of (i) from (ii)
Rs (5.86x - 3x) =Rs 2,150
2.86x =Rs 2,150
⇒ x = 751
Therefore, Ananth sold 751 shares
APPEARS IN
संबंधित प्रश्न
A man bought Rs. 40 shares at a discount of 40%. Find his income, if he invests Rs. 12,000 in these shares and receives a dividend at the rate of 11% on the face value of the shares.
Peter invests Rs. 5,625 in a company paying 7% per annum when a share of Rs. 10 stands from Rs. 12.50. Find Peter’s income from this investment.
If he sells 60% of these shares from Rs. 10 each, find his gain or loss in this transaction.
Mr. Gupta has a choice to invest in ten-rupee shares of two firm at Rs. 13 or at Rs. 16. If the first firm pays 5% dividend and the second firm pays 6% dividend per annum, find:
- which firm is paying better.
- if Mr. Gupta invests equally in both the firms and the difference between the returns from them is Rs. 30, find how much, in all, does he invest?
Akanksha invested 15%, 25% and 35% of her savings in buying shares of 'Infosys', 'Wipro' and 'Reliance' which declared dividends of 16%, 18% and 20% respectively. If her total income from dividends is Rs 52,125, find her savings and the amount invested in each company.
Which among these is a better investment:
12% at 125 or 16% at 150
Which among these is a better investment:
16% at 80 or 18% at 120
Which among these is a better investment:
12.5% at 125 or 7.5% at 80
Mr Lal wants to give a monthly scholarship of Rs 225 to a poor student. How many 15%, Rs 100 shares of 'Mercantile Co-operative Bank' should he purchase to realize his aim? What will be his investment if the market price of the share is Rs 120?
Ramesh had Rs 100 shares of 'Bihar Steel' paying 8% dividend. He sold them at a market price of Rs 130 and invested the proceeds in buying Rs 50 shares of 'Jindal steel' available at Rs 75 and paying 12% dividend. He thus increased the annual income by Rs 360. How many shares did Ramesh sell?
Krithika wants to invest Rs 10,000 in shares of different companies such that the percentage return on her investment is 8%. She invested Rs 4,500 in 6% Rs 100 shares at Rs 75, Rs 2,500 in 8% Rs 100 shares at par and the rest in 16% Rs 100 shares. Find the rate at which she bought the 16% shares.
