ICSE Class 10 Answered
Payal had Rs 125 shares of asian chemicals paying a 12% dividend. She sold them at Rs 150 and invested the proceeds in Rs 50 shares of saras chemicals at Rs 40 and paying a dividend of 10%. She thus increased her income by Rs 825. Find the number of shares of asian company that payal sold
Asked by mmkkalantri | 07 Mar, 2019, 01:32: PM
Expert Answer
It is assumed that Rs. 125 share of asian chemicals means face value of this share id Rs. 125
Let number of asian chemicakls shares initially sold was x.
If each share was sold at Rs.150 , Amount received by selling x shares = Rs.150x
If Rs.50 share of Saras chemicals purchased at Rs. 40 with the sold amount of asian chemical's share,
Number of Saras chemicals shares = ( 150x/40 )
If divident is 10% for Saras chemicals, divdent for each share = Rs.5
Hence divident income from saras chemicals shares = (150x/40)5 = Rs.75x/4
Divident income of Asian chemicals share = (125x)(12/100) = 15x
difference in divident income = (75x/4) - 15x = 825 or 15x = 3300 or x = 220
Answered by Thiyagarajan K | 07 Mar, 2019, 10:01: PM
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