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ICSE Class 10 Answered

Rohit invested Rs. 9600 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: (a) original number of sales (b) sale proceeds (c) new number of shares (d) change in the two dividends
Asked by dhanashri201 | 13 Feb, 2019, 11:34: AM
answered-by-expert Expert Answer
Initial Investment amount = Rs. 9600
 
If Rs.100 share purchased at 20% premium, purchare price of share = Rs.120
No. of initial shares = 9600/120 = 80
 
Original number of sales = 80
 
Sale proceeds = 80×160 = Rs. 12800
 
New number of shares = 12800/40 =320
 
Initial divident = Rs. 80×8 = Rs. 640
 
divident with new shares = Rs. 320×5 = Rs.1600
 
Change in two divdents : new shares divident is more than initial shares divident by ( Rs.1600 - Rs. 640) = Rs.960
Answered by Thiyagarajan K | 13 Feb, 2019, 02:01: PM

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