Advertisements
Advertisements
Question
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.
Advertisements
Solution
Money invested =Rs 10,000
For 6 % shares:
Market value = Rs 75
Amount invested =Rs 4,500
Income from investment= Rs `6/75 xx 4500` = Rs 360
For 8 % shares:
Market Value = Rs 100
Amount invested = Rs 2,500
Income from investment = Rs `8/100 xx 2500`= Rs 200
For 16 % shares:
Market value = Rs x
Amount invested =Rs ( 10,000-4,500-2,500) =Rs 3,000
Income from investment = Rs `16/x xx 3000` = Rs `48000/x`
Total investment from shares = Rs360 + Rs200 +Rs `48000/x`
Krithika wants 8 % return on his investment
`8/100 xx "Rs" 10000` = Rs 800
Therefore,
Rs 800 = Rs 360 + Rs 200 + Rs `48000/x`
Rs 240x = Rs 48, 000
x = Rs200
Hence, Krithika bought 16 % shares at Rs 200 per share.
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.
How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?
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.
Anu has 750 shares of Rs 60 each of 'Tata Infotech' paying 15% dividend. Find her net income after paying 6% income tax.
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.
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.
Which among these is a better investment:
15% at 80 or 12% at 75
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.
