Advertisements
Advertisements
Question
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.
Advertisements
Solution
Investment by Divya =Rs 50,000
Nominal value of a share =Rs 125
No. of shares purchased by Divya = `50000/125` = 400
Shares sold at premium = 200
Market value of a share with Premium
= Rs ( 125 + 24 % of Rs 125)
=Rs (125 + 30) =Rs 155
Value of 200 shares = Rs ( 155 x 200) = Rs 31,000 ............ (i)
Shares sold at discount= 200
Market value of a share with discount = Rs ( 125 - 20°/o of Rs 125)
= Rs ( 125 - 25) =Rs 100
Value of 200 shares = Rs ( 100 x 200) = Rs 20,000 ............ (ii)
Adding (i) and (ii), gives total money Divya received by selling her shares
= Rs (31,000 + 20,000) = Rs 51,000
Hence, Divya gained Rs 1,000
APPEARS IN
RELATED QUESTIONS
How much should a man invest in Rs. 50 shares selling at Rs. 60 to obtain an income of Rs. 450, if the rate of dividend declared is 10%. Also find his yield percent, to the nearest whole number.
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.
Rani has 500 shares of Rs 125 each of a company paying 12% dividend. Find her net income after paying 5% income tax.
Saurav invested 10%, 30% and 40% of his savings in buying shares of 3 different companies A, B and C which declared dividends of 12%, 15% and 16% respectively. If Saurav's total income from dividends is Rs 3,025, find his savings and the amount invested in each company.
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:
15% at 80 or 12% at 75
Rohit had 1000 shares of Rs 125 each of 'New Delhi Times' paying a dividend of 12%. He sold all of them at a market rate of Rs 150 and invested the proceeds in buying Rs 25 shares of BVL available at Rs 60 and paying 20% dividend. How many shares of BVL did Rohit buy and what is the change in his annual income?
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.
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.
