Advertisements
Advertisements
Question
Ashutosh invested Rs 58,500 in buying shares of Rs 150 each of 'Van Chemicals', when it was available in the market at a premium of 30%. He sells one third of them at a market rate of Rs 215, one third of them at a market rate of Rs 195 and the rest at Rs 175. Find his loss or gain from the transaction.
Advertisements
Solution
Investment by Ashutosh =Rs 58,500
Price at which Ashutosh purchased one share =
Rs ( 150 + 30°/o of Rs 150) =Rs (150 + 45) =Rs 195
No. of shares purchased by Ashutosh = `58500/195`= 300
Shares sold at Rs 215 = 1/3 x 300 = 100
Selling price of 100 shares at Rs 215
= Rs ( 100 x 215) = Rs 21,500 ........... (i)
Shares sold at Rs 195 = 1/3 x 300 = 100
Selling price of 100 shares at Rs 175
=Rs (100 x 175) =Rs 17,500 ........... (iii)
Adding ( i), (ii) and (iii), gives total money Ashutosh received by selling his shares
=Rs (21,500 + 19,500 + 17,500) =Rs 58,500
Difference in selling price and cost price= Rs (58,500 -58,500)
=Rs 0.
Hence, Ashutosh sold his shares at no loss or no gain.
APPEARS IN
RELATED QUESTIONS
Mahesh bought 600 shares of Rs 50 each of 'Excel Computers'. He sold one third of them when they were at a premium of Rs 20 and the remaining when they were at a discount of Rs 5. Find his gain or loss in the transaction.
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.
Vikram bought 200 shares of Rs 25 each of 'Calcutta Jute Co.' paying 8% of dividend. Vikram bought them at such a price that he gets 10% of his money. At what price did he buy the share?
Which among these is a better investment:
12% at 125 or 16% at 150
Which among these is a better investment:
15% at 80 or 12% at 75
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.
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.
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?
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?
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.
