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ICSE Class 10 Answered

can you please give in detail answer to this question
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Asked by shethdhanesh | 18 Nov, 2023, 07:38: AM
answered-by-expert Expert Answer
Face value of each share = Rs.100
 
Cost price of each share at discount Rs.20 = Rs.80
 
Amount invested = Rs. 48000
 
Number of shares = Amount / ( cost price ) = 48000/ 80 = 600
 
 
Divident of each share = Rs. 9
 
Divident of 600 shares = 9 × 600 = Rs. 5400
 
 
Selling price of each share at premium Rs.20 = Rs.120
 
Selling price of 600 share = 600 × 120 = Rs. 72000
 
profit of selling price = Rs.(72000 - 60000 ) = Rs.12000
 
Profit including divident = Rs. (12000 + 5400 ) = Rs. 17400
Answered by Thiyagarajan K | 18 Nov, 2023, 08:17: AM

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