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ICSE Class 10 Answered

. Rohit invested Rs. 9,600 on Rs. 100 shares at Rs. 20 premium paying 8% dividend. Rohit sold the shares when the price rose to Rs. 160. He invested the proceeds (excluding dividend) in 10% Rs. 50 shares at Rs. 40. Find the:(i) original number of shares(ii) sale proceeds(iii) new number of shares(iv) change in the two dividends.
Asked by swethavetri06 | 07 Mar, 2019, 07:31: PM
answered-by-expert Expert Answer
If Rs.100 shares purchased for Rs.9600 at Rs.20 premium, then number of shares = 9600/120 = 80
 
If 80 shares are sold at the rate Rs.160 per share, sale proceeds = 80×160 = Rs.12,800
 
From the above sale proceeds, if Rs. 50 share is bought at the cost Rs.40,
then the number of new shares purchased = 12800/40 = 320 shares
 
Divident from old shares = 80×8 = Rs. 640
 
Divident from new shares = 320×5 = Rs. 1600
 
Change in two dividents = Rs.1600 - Rs. 640 = Rs. 960
Answered by Thiyagarajan K | 07 Mar, 2019, 07:58: PM

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