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ICSE Class 10 Answered

Q. 1
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Asked by Rayeesa | 23 Jun, 2018, 10:34: PM
answered-by-expert Expert Answer
Rahul invested Rs. 9600 in shares at 20% premium at 8% dividend.
Hence, market value of one share = 100 + 20 = Rs. 120
The original number of shares purchased begin mathsize 16px style 9600 over 120 equals 80 end style
Selling price of one share = Rs. 160
Selling price of 80 shares = 160 × 80 = 12800
 
Market value of new share = Rs. 40
Investment = 12800
The number of new share purchased = investement market value of one share begin mathsize 16px style 12800 over 40 equals 320 end style
Annual income from new shares begin mathsize 16px style fraction numerator 320 cross times 10 over denominator 100 end fraction cross times 50 equals 1600 end style
Change in two dividends = 1600 - 640 = 960
Answered by Sneha shidid | 25 Jun, 2018, 01:05: PM

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