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ICSE Class 10 Answered

Ms. Arushi  invested Rs.8000 in 7% Rs.100 shares at Rs.80. After a year she sold these shares at Rs.75 each and invested the proceed (including his dividend) in 18%, Rs.25 shares at Rs.41. Find:

(i)                  Her dividend for the first year

(ii)                Her annual income in second year 

Asked by AMIT | 13 Apr, 2017, 03:44: PM
answered-by-expert Expert Answer

For 1st year:

Investment = Rs. 8000

Par value = Rs. 100

Market value = Rs. 80

Rate of dividend = 7%

For 2nd year:

Selling price per share = Rs. 75

Par value = Rs. 25

Market value = Rs. 41

Rate of dividend = 18%

begin mathsize 16px style Number space of space Shares space purchased equals fraction numerator Investment over denominator Market space Value end fraction equals fraction numerator Rs. space 8000 space over denominator Rs. space 80 end fraction equals Rs. space 100 Dividend space per space share equals 7 percent sign space of space Rs. space 100 equals 7 over 100 cross times 100 equals Rs. space 7 end style

(i)

Dividend for the first year = Rs. 7 × 100 = Rs. 700

Sale Proceeds = Rs.75 × 100 = Rs.7500

Investment in the second year

= Rs. (7500 + 700)

= Rs.8200

 

(ii) 

Number of shares purchased in the second year

begin mathsize 16px style equals fraction numerator Rs. space 8200 space over denominator Rs. space 41 end fraction equals Rs. space 200 Dividend space per space share equals 18 percent sign space of space Rs. space 25 equals 18 over 100 cross times 25 equals Rs. space 4.50 end style 

 

Annual income in 2nd year = Rs. 4.50 × 200 = Rs. 900

Answered by Rebecca Fernandes | 27 Nov, 2017, 02:28: PM

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