Advertisements
Advertisements
प्रश्न
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?
Advertisements
उत्तर
For shares of 'Bihar Steel':
Let x be the no. of shares sold by Ramesh.
Nominal value of each share =Rs 100
Face value of x shares = Rs 100x
Market value of each share = Rs 130
Market value of x shares = Rs 130x = proceeds from selling
Dividend = 8 % of Rs 100 x = `8/100 xx "Rs" 100 x` = Rs 8 x .............(i)
For shares of 'Jindal Steel':
Market value of each share = Rs 75
Number of shares bought = proceeds from selling 'Bihar steel' I market value of 'Jindal steel'
=`(130 x )/75`
Nominal value of each share =Rs 50
Face value of `(130 x)/75` shares = Rs `50 xx (130 x)/75` = Rs 86.667 x
Dividend = 12 % of Rs 86.667 x = Rs `(12 xx 86.667 x)/100` = Rs 10.40 x .........(ii)
Increase in annual income =Rs 360 =subtraction of (i) from (ii)
Rs ( 10.40x - 8x) = Rs 360
⇒ 2.4x = Rs 360
⇒ x = 150
Therefore, Ramesh sold 150 shares
APPEARS IN
संबंधित प्रश्न
How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?
Rajat buys Rs. 80 shares at 30% premium in a company paying 18% dividend. Find:
(i) The market value of 150 shares.
(ii) Rajat’s annual income from these shares.
(iii) Rajat’s percentage return from this investment.
A company gives x% dividend on its Rs. 60 shares, whereas the return on the investment in these shares is (x + 3) %. If the market value of each share is Rs. 50, find the value of x.
Anu has 750 shares of Rs 60 each of 'Tata Infotech' paying 15% dividend. Find her net income after paying 6% income tax.
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:
16% at 80 or 18% at 120
Which among these is a better investment:
12.5% at 125 or 7.5% at 80
Payal had Rs 125 shares of 'Asian Chemicals' paying 12% dividend. She sold them at Rs 150 and invested the proceeds in Rs 50 shares of 'Saras Chemicals' at Rs 40 and paying 10% dividend. She thus increased her income by Rs 825. Find the number of shares of 'Asian chemicals' that Payal sold.
Pramod wants to invest Rs 35,000 in shares such that the percentage return on his investment is `8 1/7 %`. He invested Rs 6,000 in 6 % Rs 50 shares of 'Lakme' at Rs 40, Rs 15,000 in 8 % Rs 100 shares of 'Volta' at Rs 125 and the remaining in 12 % shares of 'BPL'. At what rate did he buy the 'BPL' shares?
Mamta invested Rs. 10,846 in buying the shares of a company at Rs. 17 each. If the face value of each share be? 10 and company paid 15% dividend at the end of the year, find the dividend earned by her.
