Advertisements
Advertisements
Question
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?
Advertisements
Solution
Money invested = Rs 35,000
For 'Lak me' shares:
Market value = Rs 40
Amount invested = Rs 6,000
Income from investment = `6/40 xx 6000` = Rs 900
For 'Volta' shares:
Market Value = Rs 125
Amount invested = Rs 15,000
Income from investment = `8/125 xx "Rs" 15000` = Rs 960
For 'BPL' shares:
Market value = Rs x
Amount invested = Rs (35,000-6,000-15,000) = Rs 14,000
Income from investment = Rs `12/x xx 14000` = Rs `168000/x`
Total investment from shares = Rs 900 + Rs 960+Rs `168000/x`
Pramod wants `8 1/7 %` return on his investment = `57/7 %`
`57/(100 xx 7) xx "Rs" 35000` = Rs 2850
Therefore, Rs 2,850 - Rs 900 + Rs 960 + Rs `168000/x`
Rs 990 x - Rs 1,68, 000 x = Rs 169.69 = Rs 170
Hence, Pramod bought BPL shares at Rs 170 per share.
APPEARS IN
RELATED QUESTIONS
How much money will be required to buy 200, Rs. 25 shares at a premium of Rs. 2?
Anu has 750 shares of Rs 60 each of 'Tata Infotech' paying 15% dividend. Find her net income after paying 6% income tax.
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.
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.
Akanksha invested 15%, 25% and 35% of her savings in buying shares of 'Infosys', 'Wipro' and 'Reliance' which declared dividends of 16%, 18% and 20% respectively. If her total income from dividends is Rs 52,125, find her savings and the amount invested in each company.
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.
Karan buys 125 shares of Rs 100 each of 'Reliance Technologies Ltd.' which pays a dividend of 6%. He buys them at such a price that he gets 4% of his money. At what price did Karan buy the share?
Which among these is a better investment:
16% at 80 or 18% at 120
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.
