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
A man invests Rs. 22,500 in Rs. 50 shares available at 10% discount. If the dividend paid by the company is 12%, calculate:
- The number of shares purchased.
- The annual dividend received.
- The rate of return he gets on his investment. Give your answer correct 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.
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:
18% at 120 or 22% at 150
Which among these is a better investment:
12.5% at 125 or 7.5% at 80
Mr Lal wants to give a monthly scholarship of Rs 225 to a poor student. How many 15%, Rs 100 shares of 'Mercantile Co-operative Bank' should he purchase to realize his aim? What will be his investment if the market price of the share is Rs 120?
Gayathri wants to have a monthly income of Rs 500.For this she purchased Rs 75 shares of 'V.G.Electronics' paying 20% dividend. How many shares did Gayathri purchased and what is her investment if the market price of the share is Rs 62.50?
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?
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.
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.
