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ICSE Class 10 Answered

Mukul had 400 shares of face value Rs. 100 in a company paying x% dividend. Later, he sold one- fourth shares when the price rose to Rs. 150 and the remaining when the price again rose by 20%. Then he invested the total proceeds in 12% Rs. 100 shares of a company at Rs. 150 and increased his income by Rs. 3120. Find the value of x.
Asked by cyriacavickal | 07 Feb, 2018, 04:12: PM
answered-by-expert Expert Answer
begin mathsize 16px style divident space from space first space company straight x over 100 cross times 100 cross times 400 equals 400 straight x 1 fourth th space of space shares space at space 150 space rs space ie. space 100 space shares space at space 150 space rs space 300 space shares space at space 180 rs space space open parentheses 20 percent sign space increase close parentheses so space total space amount space earned space equals 15000 plus 54000 equals 69000 now space he space invests space 69000 space at space shares space of space 150 space rs space having space face space value space 100 rs so space he space bought space 460 space shares space divident space is space 12 percent sign divident space on space one space share space 12 percent sign space of space 100 equals 12 so space total space divident equals 5520 now space divident space from space first space company space plus 3120 equals divident space from space 2 nd space company 400 straight x equals 2400 straight x equals 6 percent sign end style
Answered by Arun | 09 Feb, 2018, 04:23: PM

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