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# Mr Shameem Invested 33 1/3% of His Savings in 20% Rs 50 Shares Quoted at Rs 60 and the Remainder of the Savings in 10% Rs 100 Share Quoted at ₹ 110. If His Total Income from These Investments - ICSE Class 10 - Mathematics

#### Question

Mr Shameem invested 33 1/3% of his savings in 20% Rs 50 shares quoted at Rs 60 and the remainder of the savings in 10% Rs 100 share quoted at ₹ 110. If his total income from these investments is Rs 9,200; find :
(1) his total savings
(2) the number of Rs 50 share
(3) the number of Rs 100 share

#### Solution

Let his total savings is Rs y

1 st case

His saving = 33 1/3% "of"  y = "Rs"  y/3

The market price of 1 share = Rs 60

Then shares purchased = y/(3 xx 60) = y/(180)

Dividend on 1 share = 20%  of Rs 50 = Rs 10

Total dividend = y/180 xx 10 = "Rs"  y/18

2nd case

His saving= 66 2/3% "of"  y = "Rs"  (2y)/3

Market price of 1 share = Rs 110

Then shares purchased = (2y)/(3 xx 110) = y/165

Dividend on 1 share = 10% of Rs 100 = Rs 10

Total dividend = y/165 xx 10 = "Rs"  (2y)/33

Accoding to question

Total income = Rs 9200

=> y/18 + (2y)/33 = "Rs"  9200

=> (23y)/198 = "Rs"  9200

=> y = (9200 xx 198)/23 = "Rs"  79200

The number of  Rs 50 share = (79200)/180 = 440

The number of Rs 100 share  = (79200)/165 = 480

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Solution Mr Shameem Invested 33 1/3% of His Savings in 20% Rs 50 Shares Quoted at Rs 60 and the Remainder of the Savings in 10% Rs 100 Share Quoted at ₹ 110. If His Total Income from These Investments Concept: Shares and Dividends.
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