A man invested Rs.45,000 in 15 % Rs.100 shares quoted at Rs.125. When the market value of these shares rose to Rs.140, he sold some shares, just enough to raise Rs.8,400.

Calculate the dividend that will be due to him on the remaining shares that he still holds.

Rs. 2,500

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Rs. 3,000

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Rs. 3,500

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Rs. 4,000

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Rs. 4,500

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Solution

The correct option is E
Rs. 4,500

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(i) Number of shares he still holds ;
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Q. A man invested Rs. 45,000 in 15% Rs.100 shares quoted at Rs. 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8,400. Calculate the number of shares he still holds.

The number of shares, he still holds.
The dividend due to him on these remaining shares.

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A man invested Rs.45,000 in 15 % Rs.100 shares quoted at Rs.125. When the market value of these shares rose to Rs.140, he sold some shares, just enough to raise Rs.8,400. Calculate the dividend that will be due to him on the remaining shares that he still holds.

The correct option is E Rs. 4,500

A man invested Rs.45,000 in 15 % Rs.100 shares quoted at Rs.125. When the market value of these shares rose to Rs.140, he sold some shares, just enough to raise Rs.8,400.

Calculate the dividend that will be due to him on the remaining shares that he still holds.

The correct option is E
Rs. 4,500