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ICSE Class 10 Answered

 A man sold 400, 20 shares paying 5% at 18 and invested the proceedings in 10 shares, paying 7% at 12. How many 10 shares did he buy and what was the change of income?
Asked by priyadanand2003 | 13 Feb, 2019, 09:37: AM
answered-by-expert Expert Answer
if 400 numbers of Rs.20 share sold at Rs.18, amount received = Rs. 400×18 = Rs. 7200
 
If Rs.10 share purchased at Rs.12, number of shares purchased = 7200/12 = 600.
 
Income from Rs.20 share = 400×20×5/100 = Rs. 400 /-
 
Income from Rs.10 share = 600×10×7/100 = Rs. 420 /-
 
difference in income Rs.20
Answered by Thiyagarajan K | 14 Feb, 2019, 10:42: AM

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