ICSE Class 10 Answered
Arun invested Rs. 9000 in 6% Rs. 100 shares at Rs. 90 per share. After a year, he sold shares at Rs. 85 each and invested the proceeds [including his dividend] in 18% Rs. 20 shares at Rs. 50. Find
: i). his dividend for the first year
ii). His annual income in the second year
iii). The percentage increase in his returns on his original investment.
Asked by venkatesh.keshavamurthy | 07 Jul, 2019, 08:58: PM
Expert Answer
Investment = Rs. 9000
FV = Rs. 100
MV = Rs. 90
Number of shares = 9000/90 = 100 shares
Divident on 1 share = 6% of 100 = Rs. 6
Total annual dividend(first year) = 6 × 100 = Rs. 600
Sale price of 100 shares = Rs. 8500
Total investment = 8500+600 = Rs. 9100
FV of new share = Rs.20
MV of new share = Rs.50
Number of shares = 9100/50 = 182 shares
Divident on 1 share = 18% of 20= Rs. 3.6
Total divdend(annual income) = 3.6 × 182 = Rs. 655.2
% increase = (655.2-600)/600 × 100 = 9.2%
Answered by Arun | 10 Jul, 2019, 04:58: PM
Concept Videos
-
Shares and Dividends
Shares and Dividend, Dividend on Shares -
Shares and Dividends
This video explains the concepts of Share, Share holder, Face value, Market...
ICSE 10 - Maths
Asked by sagarmishra | 15 Mar, 2024, 03:22: PM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by shethdhanesh | 18 Nov, 2023, 07:38: AM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by sukhmanshergill723 | 23 Apr, 2022, 04:17: PM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by ramyaramyashree432 | 28 Mar, 2022, 07:20: AM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by rohanshinde68.10spicertl | 13 Jun, 2020, 03:14: PM
ANSWERED BY EXPERTICSE 10 - Maths
Asked by bejibickey8482.10sdatl | 26 Apr, 2020, 01:41: PM
ANSWERED BY EXPERT
ICSE 10 - Maths
Asked by kaivankoshti7111.10sdatl | 19 Apr, 2020, 11:38: AM
ANSWERED BY EXPERT
