Advertisements
Advertisements
Question
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.
Advertisements
Solution
No. of shares = 600
Nominal value of a share =Rs 50
Investment by Mahesh =Rs (50 x 600) =Rs 30,000
Shares sold at premium = `1/3` x 600 = 200
Market value ofa share with Premium= Rs (50 + 20) =Rs 70
Value of 200 shares= Rs (70 x 200) =Rs 14,000 ............ (i)
Shares sold at discount= 600 - 200 = 400
Market value of a share with discount = Rs ( 50 - 5) = Rs 45
Value of400 shares= Rs (45 x 400) =Rs 18,000 ............ (ii)
Adding ( i) and (ii), gives total money Mahesh received by selling his shares = Rs ( 14,000 + 18,000) = Rs 32,000
Difference in selling price and cost price =Rs (32,000 -30,000) =Rs 2,000
Hence, Mahesh gained Rs 2,000
APPEARS IN
RELATED QUESTIONS
How much money will be required to buy 200, Rs. 25 shares at a premium of Rs. 2?
How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?
Yash has 1200 shares of Rs 150 each of 'Honeywell Corporation' paying 18% dividend. Find his net income after paying.
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.
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.
Bhavana invested Rs 20,000 and Rs 25,000 in buying shares of 'Bharati Telecom' and 'Satyam Infoways' which later declared dividend of 10% and 12.5% respectively. After collecting the dividends Bhavana sells all her shares at a loss of 4% and 5% respectively on her investments. Find her total earnings.
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:
18% at 120 or 22% at 150
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?
