ICSE Class 10 Answered
A person invested of his saving in 20% Rs.50 shares quoted at Rs.60 and the remainder of the savings in 10% Rs.100 shares quoted at Rs.110. If his total income from these investments is Rs.9,200; find
1) His total savings
2) The number of Rs.50 shares
3) The number of Rs.100 shares
Asked by dr_pradip27121972 | 16 May, 2018, 10:12: PM
Expert Answer
Annual Dividend in 20% Rs. 50 shares=20/100*Rs.50=Rs.10
Annual dividend in 10% Rs. 100 shares=10/100*Rs. 100=Rs. 10
The annual income are same in both the case.
.·. the annual income in each investment is Rs. 9200/2=Rs. 4600.
Income is Rs. 10 when investment is Rs. 60
Hence, income is Rs 4600 when investment is Rs.60/Rs.10*Rs.4600=Rs. 27600
Again, Income is10 when investment is Rs. 110
Hence, income is Rs. 4600 when investment is Rs. 110/Rs.10*Rs.4600=Rs.50600
1. Total savings is Rs. (27600+50600)= Rs. 78200
2. No. of Rs. 50 shares= 27600/60=460
3. No. of Rs. 100 shares= 50600/110=460
Answered by Sneha shidid | 17 May, 2018, 04:03: PM
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