Advertisements
Advertisements
Question
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?
Advertisements
Solution
Let x be the no. of shares purchased by Mr Lal.
Value of x shares = Rs ( 100 x X) = Rs 100x
Dividend for x no. of shares of Mercantile Co-operative Bank = 15 % of Rs 100x
= Rs `(15 xx 100 x)/100` = Rs 15 x
Monthly scholarship = Rs 225 = Dividend/12
⇒ Rs `(15 x)/12` = Rs 225
⇒ Rs 15 x = Rs 2700
⇒ x = 180
Hence, Mr Lal should purchase 180 shares.
The market price for shares = Rs 120,
Investment by Mr Lal at Rs 120 = Rs ( 120 x 180) = Rs 21,600.
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.
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.
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.
Archana bought 250 shares of Rs 50 each of 'Indal' paying 12% of dividend. She bought them at such a price that she gets 15% return on her investment. At what share did she buy the shares?
Which among these is a better investment:
12% at 125 or 16% at 150
Which among these is a better investment:
16% at 80 or 18% at 120
Which among these is a better investment:
18% at 120 or 22% at 150
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?
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?
