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ICSE Class 10 Answered

Sachin invests Rs.8500 in 10% Rs.100 shares at Rs.170.He sells the shares when the price of each share rises by Rs.30.He invests the proceeds in 12% Rs.100 shares at Rs.125.Find; 1. The sale proceeds 2. The no of 125 shares he buys.
Asked by pb_ckt | 09 Mar, 2019, 11:42: AM
answered-by-expert Expert Answer
purchased price of 1 share = Rs. 170
 
Number of shares for Rs.8500 = 8500/170 = 50
 
Selling price of each share = Rs.170+Rs.30 = Rs.200
 
Sales proceeds of selling 50 share = Rs.200 × 50 = Rs. 10000
 
number of new Rs.125 shares purchased = 10000/125 = 80
Answered by Thiyagarajan K | 09 Mar, 2019, 01:49: PM

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