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Question

A man invests ₹60,000 in shares of a company which pays 12 % dividend at a time when a ₹100 share costs ₹120. Find :-

a) Number of shares he bought.

b) the annual income from his shares.


A

i) 500 , (ii) ₹6000

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B

i) 550 , (ii) ₹6500

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C

i) 400 , (ii) ₹5000

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D

i) 200 , (ii) ₹20,000

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Solution

The correct option is A

i) 500 , (ii) ₹6000


Sum invested = ₹60,000

Market price of each share = ₹120

Number of shares bought = Amount InvestedMarket Value of each share=500

= 60000120=500

Total Income from share = No. of share × Dividend % × N.V of share = 500×12100×100= 6000

Hence, Number of shares bought = 500 and Annual Income = ₹ 6000.


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