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.

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Solution

$C u r r e n t p r i c e o f s h a r e = R s 125$

$A m o u n t i n v e s t e d = R s 45000$

$N u m b e r o f s h a r e s = \frac{45000}{125} = 360$

$L e t^{'} s a s s u m e h e s o l d x s h a r e s a t R s 140$

$140 \times x = 8400$

$x = \frac{8400}{140} = 60 s h a r e s$

$T h e r e f o r e s t o c k s t i l l l e f t w i t h h i m = 360 - 60 = 300 s h a r e s$

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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:
(i) the number of shares he still holds.
(ii) the dividend due to him on these remaining shares.
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The number of shares, he still holds.
The dividend due to him on these remaining shares.

Manu invested ₹45,000 in 15% ₹ 100 shares quoted at ₹125. When the market value of these shares rose to ₹140, he sold some shares, just enough to raise ₹8,400. The number of shares he still holds and the dividend due to him on these remaining shares are respectively _____.

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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 number of shares he still holds.

Currentpriceofshare=Rs125 Amountinvested=Rs45000 Numberofshares=45000125=360Let′sassumehesoldxsharesatRs140140×x=8400x=8400140=60sharesThereforestockstillleftwithhim=360−60=300shares