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
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.
Rani has 500 shares of Rs 125 each of a company paying 12% dividend. Find her net income after paying 5% income tax.
Anu has 750 shares of Rs 60 each of 'Tata Infotech' paying 15% dividend. Find her net income after paying 6% income tax.
Divya invested Rs 50,000 in buying shares of Rs 125 each of 'Hitech Technologies'. She sold half of them when they were at a premium of 24% and the remaining half when they were at a discount of 20%. Find her gain or loss in the transaction.
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.
Tarun invested Rs 24,000 and Rs 30,000 in buying Rs 100 at par shares of 'Vam Organics' and 'Hero Honda' which later declared dividend of 12% and 15% respectively. After collecting the dividends Tarun sold the shares as their prices had fallen by Rs 5 and Rs 10 respectively. Find Tarun's earnings from the above transactions.
Archana bought 250 shares of Rs 50 each of 'Indal' paying 12% of dividend. She bought them at such a price that she gets 15% return on her investment. At what share did she buy the shares?
Which among these is a better investment:
16% at 80 or 18% at 120
Usha sold 350 shares of Rs 150 each paying 6% dividend at Rs 120 and invested the proceeds in Rs 75 shares at par paying 8% dividend. Calculate the number of Rs 75 shares she bought and the change in her annual income.
Ajay owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%.
Calculate:
- The dividend that Ajay will get.
- The rate of interest on his investment, if Ajay had paid Rs. 30 for each share.
