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Selina solutions for Concise Mathematics [English] Class 10 ICSE chapter 3 - Shares and Dividend [Latest edition]

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Selina solutions for Concise Mathematics [English] Class 10 ICSE chapter 3 - Shares and Dividend - Shaalaa.com
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Solutions for Chapter 3: Shares and Dividend

Below listed, you can find solutions for Chapter 3 of CISCE Selina for Concise Mathematics [English] Class 10 ICSE.


EXERCISE 3 (A)EXERCISE 3 (B)TEST YOURSELF
EXERCISE 3 (A) [Page 28]

Selina solutions for Concise Mathematics [English] Class 10 ICSE 3 Shares and Dividend EXERCISE 3 (A) [Page 28]

Multiple Choice Type: Choose the correct answer from the options given below.

1. (a)Page 28

The money required to by 50, ₹ 20 shares at 10% premium is ______.

  • ₹ 800

  • ₹ 1,100

  • ₹ 1,500

  • ₹ 900

1. (b)Page 28

The money required to by 50, ₹ 20 shares at ₹ 10 discount is ______.

  • ₹ 900

  • ₹ 1,100

  • ₹ 500

  • ₹ 800

1. (c)Page 28

The money required to buy 50, ₹ 20 shares quoted at ₹ 22 is ______.

  • ₹ 1,100

  • ₹ 2,100

  • ₹ 1,540

  • ₹ 1,440

1. (d)Page 28

₹ 200 shares are available at a discount of 20%. The market price of 50 shares is ______.

  • ₹ 11,000

  • ₹ 8,000

  • ₹ 19,000

  • ₹ 14,000

1. (e)Page 28

500, ₹ 50 shares at par earn a dividend of ₹ 1,250 in one year. The rate of dividend is ______.

  • 10%

  • 7.5%

  • 12.5%

  • 5%

1. (f)Page 28

A man invested in a company paying 12% dividend on its share. If the percentage return on his investment is 10%, then the shares are ______.

  • at par

  • below par

  • above par

  • cannot be determined

2.Page 28

How much money will be required to buy 400, Rs.12.50 shares at a premium of Rs.1?

3.Page 28

How much money will be required to buy 250, Rs.15 shares at a discount of Rs.1.50?

4.Page 28

Find the annual income derived from 125, Rs. 120 shares paying 5% dividend.

5.Page 28

A man invests Rs. 3,072 in a company paying 5% per annum when its Rs. 10 shares can be bought for Rs. 16 each. Find:

  1. his annual income
  2. his percentage income on his investment.
6.Page 28

A man invests Rs. 7,770 in a company paying 5% dividend when a share of nominal value of Rs. 100 sells at a premium of Rs. 5. Find:

  1. the number of shares bought;
  2. annual income;
  3. percentage income.
7.Page 28

A man buys Rs. 50 shares of a company, paying 12% dividend, at a premium of Rs. 10. Find:

  1. the market value of 320 shares;
  2. his annual income;
  3. his profit percent.
8.Page 28

A man invests Rs. 8,800 in buying shares of a company of face value of rupees hundred each at a premium of 10%. If he earns Rs. 1,200 at the end of year as dividend, find:

  1. the number of shares he has in the company.
  2. the dividend percent per share.
9.Page 28

A man invests ₹ 3,360 in buying shares of nominal value ₹ 24 and selling at 12% premium. The dividend on the shares is 15% per annum. Calculate:

  1. the number of shares he buys;
  2. the dividend he receives annually.
10.Page 28

By investing Rs. 7,500 in a company paying 10 percent dividend, an annual income of Rs. 500 is received. What price is paid for each of Rs. 100 share?

EXERCISE 3 (B) [Pages 33 - 35]

Selina solutions for Concise Mathematics [English] Class 10 ICSE 3 Shares and Dividend EXERCISE 3 (B) [Pages 33 - 35]

Multiple Choice Type: Choose the correct answer from the options given below.

1. (a)Page 33

The number of ₹ 25 shares, paying 24% dividend, with total dividend ₹ 1,350 is ______.

  • 125

  • 27

  • 225

  • 200

1. (b)Page 33

₹ 600 shares of a company are available at a discount of 20%. If the company pays a dividend of 20%, the rate of return is ______.

  • 16%

  • 25%

  • 10%

  • 12.5%

1. (c)Page 33

100 shares, at par value of ₹ 120 each, give 10% half-yearly dividend. The annual dividend from these shares is ______.

  • ₹ 7,200

  • ₹ 2,400

  • ₹ 1,200

  • ₹ 10,800

1. (d)Page 33

Amit invested a certain sum of money in ₹ 100 shares, paying a 7.5% dividend. The rate of return on his investment is 10%. The money invested by Amit to purchase 10 shares is ______.

  • ₹ 250

  • ₹ 750

  • ₹ 900

  • ₹ 1100

1. (e)Page 33

200 ₹ 20 shares, each available at a discount of 20%, give 10% dividend. The rate of return is ______.

  • 12.5%

  • 15%

  • 16%

  • 25%

2.Page 33

By purchasing Rs. 25 shares for Rs. 40 each, a man gets a 4 percent profit on his investment. What rate percent is the company paying? What is his dividend if he buys 60 shares?

3.Page 33

Hundred rupee shares of a company are available in the market at a premium of Rs. 20. Find the rate of dividend given by the company, when a man’s return on his investment is 15%.

4.Page 33

Rs. 50 shares of a company are quoted at a discount of 10%. Find the rate of dividend given by the company, the return on the investment on these shares being 20 per cent.

5.Page 33

How much should a man invest in Rs. 100 shares selling at Rs. 110 to obtain an annual income Rs. 1,680, if the dividend declared is 12%?

6.Page 33

A company declares a dividend of 11.2% to all its share-holders. If its Rs. 60 share is available in the market at a premium of 25%, how much should Rakesh invest, in buying the shares of this company, in order to have an annual income of Rs. 1,680?

7.Page 33

A man buys 400, twenty-rupee shares at a premium of Rs. 4 each and receives a dividend of 12%. Find:

  1. the amount invested by him.
  2. his total income from the shares.
  3. percentage return on his money.
8.Page 33

A company with 10,000 shares of Rs. 100 each, declares an annual dividend of 5%.

  1. What is the total amount of dividend paid by the company?
  2. What should be the annual income of a man who has 72 shares in the company?
  3. If he received only 4% of his investment, find the price he paid for each share.
9.Page 33

A lady holds 1800, Rs. 100 shares of a company that pays 15% dividend annually. Calculate her annual dividend. If she had bought these shares at 40% premium, what is the return she gets as percent on her investment? Give your answer to the nearest integer.

10.Page 33

Mr. Sharma has 60 shares of nominal value Rs. 100 and decides to sell them when they are at a premium of 60%. He invests the proceeds in shares of nominal value Rs. 50, quoted at 4% discount and paying 18% dividend annually. Calculate :

  1. the sale proceeds;
  2. the number of shares he buys and
  3. his annual dividend from the shares.
11.Page 33

A company with 10,000 shares of nominal value of Rs. 100 declares an annual dividend of 8% to the share-holders.

  1. Calculate the total amount of dividend paid by the company.
  2. Ramesh had bought 90 shares of the company at Rs. 150 per share. Calculate the dividend he receives and the percentage of return on his investment.
12.Page 35

Which is the better investment: 16% Rs. 100 shares at 80 or 20% Rs. 100 shares at 120?

13.Page 35

A man has a choice to invest in hundred-rupee shares of two firms at Rs. 120 or at Rs. 132. The first firm pays a dividend of 5% per annum and the second firm pays a dividend of 6% per annum. Find:

  1. which company is giving a better return.
  2. if a man invests Rs. 26,400 with each firm, how much will be the difference between the annual returns from the two firms.
14.Page 35

A man bought 360, ten-rupee shares of a company, paying 12 percent per annum. He sold the shares when their price rose to Rs. 21 per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at Rs. 3.50 per share. Find the annual change in his income.

15.Page 35

Two brothers A and B invest Rs. 16,000 each in buying shares of two companies. A buys 3% hundred-rupee shares at 80 and B buys ten-rupee shares at par. If they both receive equal dividend at the end of the year, find the rate percent of the dividend received by B.

TEST YOURSELF [Pages 34 - 36]

Selina solutions for Concise Mathematics [English] Class 10 ICSE 3 Shares and Dividend TEST YOURSELF [Pages 34 - 36]

1. (a)Page 34

A company pays 18% dividend and its ₹ 100 share is available at a premium of 20%. The number of shares bought for ₹ 7,200 is ______.

  • 1080

  • 90

  • 60

  • 540

1. (b)Page 34

100, ₹ 100 shares (paying 10% dividend) are bought at a discount of ₹ 20 and another 100, ₹ 100 shares (paying 10% dividend) are bought at ₹ 120. The total dividend earned is ______.

  • ₹ 00

  • ₹ 2,000

  • ₹ 400

  • ₹ 2,400

1. (c)Page 34

The money required, to buy 80 shares, each of ₹ 60 and quoted at ₹ 70, is ______.

  • ₹ 5,600

  • ₹ 4,800

  • ₹ 80 × 60 × 70

  • ₹ 4,200

1. (d)Page 34

₹ 20,000 is spent in buying ₹ 50 shares with dividend 5%. The dividend earned is ______.

  • ₹ 1,000

  • ₹ 200

  • ₹ 500

  • ₹ 2,000

1. (e)Page 34

Each of ₹ 500 shares is available at a discount of ₹ 100. If the dividend on these shares is 8%, the income percent is ______.

  • 8%

  • 15%

  • 5%

  • 10%

1. (f)Page 34

Investing in 16% ₹ 100 shares at ₹ 80 or in 20% ₹ 100 shares at ₹ 120.

Assertion (A): It is better to invest in 16% ₹ 100 shares at ₹ 80.

Reason (R): Return % from the shares = `("Income"/"Investment"× 100)%`

  • A is true, R is false.

  • A is false, R is true.

  • Both A and R are true and R is correct reason for A.

  • Both A and R are true and R is incorrect reason for A.

1. (g)Page 34

₹ 50 shares of a company are bought by John at 20% discount and sold at the gain of 25%.

Assertion (A): The net gain on each share is 5%.

Reason (R): For John, The selling price of each share = `₹50 × 80/100 × 125/100`

  • A is true, R is false.

  • A is false, R is true.

  • Both A and R are true and R is the correct reason for A.

  • Both A and R are true and R is the incorrect reason for A.

1. (h)Page 34

₹ 2,250 is invested in buying ₹ 50 shares available at 10% discount and the dividend paid by the company is 12%.

Statement (1): Number of shares bought = `2250/45​` = 50.

Statement (2): Total dividend paid by the company = (12% of ₹ 50) × 50

  • Both the statements are true.

  • Both the statements are false.

  • Statement 1 is true, and statement 2 is false.

  • Statement 1 is false, and statement 2 is true.

1. (i)Page 35

100 shares are bought at ₹ 60 per share and the dividend received is ₹ 600.

Statement (1): Rate of return × ₹ 60 × 100 = ₹ 600 

Statement (2): Rate of return × Market value = Dividend received on each share.

  • Both the statements are true.

  • Both the statements are false.

  • Statement 1 is true, and statement 2 is false.

  • Statement 1 is false, and statement 2 is true.

1. (j)Page 35

Ankit had the option of investing in company A, where 7% ₹ 100 shares are available at ₹ 120 or in company B, where 8%, ₹ 1000 shares are available at ₹ 1620.

Statement (1): Investment in company B is better than company A.

Statement (2): Yield % of company B is better than as compared to company A.

  • Both the statements are true.

  • Both the statements are false.

  • Statement 1 is true, and statement 2 is false.

  • Statement 1 is false, and statement 2 is true.

2.Page 35

By investing Rs. 45,000 in 10% Rs. 100 shares, Sharad gets Rs. 3,000 as dividend. Find the market value of each share.

3.Page 35

Mrs. Kulkarni invests Rs. 1,31,040 in buying Rs. 100 shares at a discount of 9%. She sells shares worth Rs. 72,000 at a premium of 10% and the rest at a discount of 5%. Find her total gain or loss on the whole.  

4.Page 35

A man invests a certain sum in buying 15% Rs. 100 shares at 20% premium. Find:

  1. his income from one share.
  2. the number of shares bought to have an income, from the dividend, Rs. 6480.
  3. sum invested.
5.Page 35

Aishwarya bought 496, Rs. 100 shares at Rs. 132 each, find:

  1. investment made by her.
  2. income of Aishwarya from these shares, if the rate of dividend is 7.5%.
  3. how much extra must aishwarya invest in order to increase her income by Rs. 7,200?
6.Page 35

Gopal has some Rs. 100 shares of company A, paying 10% dividend. He sells a certain number of these shares at a discount of 20% and invests the proceeds in Rs. 100 shares at Rs. 60 of company B paying 20% dividend. If his income, from the shares sold, increases by Rs. 18,000, find the number of shares sold by Gopal.

7.Page 35

A man invests a certain sum of money in 6% hundred-rupee shares at Rs. 12 premium. When the shares fell to Rs. 96, he sold out all the shares bought and invested the proceed in 10%, ten-rupee shares at Rs. 8. If the change in his income is Rs. 540, find the sum invested originally.

8.Page 35

Mr. Gupta has a choice to invest in ten-rupee shares of two firm at Rs. 13 or at Rs. 16. If the first firm pays 5% dividend and the second firm pays 6% dividend per annum, find:

  1. which firm is paying better.
  2. if Mr. Gupta invests equally in both the firms and the difference between the returns from them is Rs. 30, find how much, in all, does he invest?
9.Page 35

A man invested Rs. 45,000 in 15% Rs. 100 shares quoted at Rs. 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8,400. Calculate:

  1. the number of shares he still holds;
  2. the dividend due to him on these remaining shares.
10.Page 35

A dividend of 12% was declared on Rs. 150 shares selling at a certain price. If the rate of return is 10%, calculate:

  1. the market value of the shares.
  2. the amount to be invested to obtain an annual dividend of Rs. 1,350.
11.Page 35

Divide Rs. 50,760 into two parts such that if one part is invested in 8% Rs. 100 shares at 8% discount and the other in 9% Rs. 100 shares at 8% premium, the annual incomes from both the investments are equal.

12.Page 35

Vivek invests Rs. 4,500 in 8% Rs. 10 shares at Rs. 15. He sells the shares when the price rises to Rs. 30 and invests the proceeds in 12% Rs. 100 shares at Rs. 125. Calculate:

  1. the sale proceeds
  2. the number of Rs. 125 shares he buys.
  3. the change in his annual income from the dividend.
13.Page 36

Mr. Parekh invested Rs. 52,000 on Rs. 100 shares at a discount of Rs. 20 paying 8% dividend. At the end of one year, he sells the shares at a premium of Rs. 20. Find:

  1. the annual dividend.
  2. the profit earned including his dividend.
14.Page 36

Salman buys 50 shares of face value Rs. 100 available at Rs. 132.

  1. What is his investment?
  2. If the dividend is 7.5%, what will be his annual income?
  3. If he wants to increase his annual income by Rs. 150, how many extra shares should he buy?
15.Page 36

Salman invests a sum of money in Rs. 50 shares, paying 15% dividend quoted at 20% premium. If his annual dividend is Rs. 600, calculate:

  1. the number of shares he bought.
  2. his total investment.
  3. the rate of return on his investment.
16.Page 36

₹ 100 shares of a company giving 10% dividend, are available at ₹ 150. Mr. Saha invests ₹ 18,000 to buy these shares. He sells 80% of his shares after one year. Find:

  1. the number of shares he purchased.
  2. the number of shares he sold
  3. his annual income from the remaining 20% shares he still holds.
17.Page 36

Mr. Gautam sold a certain number of ₹ 20 shares, paying 8% dividend, at ₹ 18 and invested the proceeds in ₹ 10 shares, paying 12% dividend, at 50% premium. If the change in his annual income is ₹ 120, find the number of shares sold by Mr. Gautam.

18.Page 36

A man invests ₹ 50,000 of his savings in 12%, ₹ 100 shares at ₹ 125 another ₹ 60,000 in 15%, ₹ 100 shares at ₹ 120 and remainder 18% ₹ 100 shares at ₹ 140. If his annual income is ₹ 21,300 find:

  1. the rate of return on the whole.
  2. the investment in third company.
19.Page 36

Share market is a place where investors trade different instruments like stocks, mutual funds, etc.

It is a place where companies sell parts (called shares) of their companies and investors buy them in expectation of greater returns.

Mr. Reddy wants to invest his money in company which gives a better return. He has following options:

Company X: ₹ 100 shares are available at ₹ 120 with a dividend of 8% p.a.

Company Y: ₹ 10 shares are available at ₹ 8 with a dividend of 6% p.a.

Based on the above information, answer the following questions:

  1. If Mr. Reddy wants to invest ₹ 15,000 in company X, then what will be his Annual Income?
  2. If Mr. Reddy wants to invest ₹ 15,000 in company Y, then what will be his Annual Income?
  3. Which company is a better option for Mr. Reddy to invest in?

Solutions for 3: Shares and Dividend

EXERCISE 3 (A)EXERCISE 3 (B)TEST YOURSELF
Selina solutions for Concise Mathematics [English] Class 10 ICSE chapter 3 - Shares and Dividend - Shaalaa.com

Selina solutions for Concise Mathematics [English] Class 10 ICSE chapter 3 - Shares and Dividend

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