A sum of rupees 11,880 is invested in Rs. 50 shares available at 12% discount. Find the income, if a dividend of 12% is given on the shares.

Open in App

Solution

Investment=Rs.11880
N.V of each share=Rs.50
Discount=12%
$∴$ M.V =50-12% of 50= $50 - \frac{12}{100} \times 150 = R s .50 - 6 = R s .44$
Div%=12%
No.of share= $\frac{i n v e s t m e n i}{M . V o f 1 s h a r e} = \frac{11880}{44} = 270$
His annual income=no.of share $\times$ div % $\times$ N.V od 1 share
$\Rightarrow 270 \times \frac{12}{100} \times 50 = R s .16200$

Suggest Corrections

Similar questions

Q. A man invests Rs.

22, 500

in Rs.

50

shares available at

10 %

discount. If the dividend paid by the company is

12 %

, calculate the number of shares purchased.

Q. A man invests Rs.

22, 500

in Rs.

50

shares available at

10 %

discount. If the dividend paid by the company is

12 %

, calculate the annual dividend received.

Q. John had 1,000 share of a company with a face value of Rs.40 and paying 8% dividend. He sold some of these shares at a discount of 10% and invested the proceeds in Rs.20 shares at a premium of 50% and paying 12% dividend. If the change in his income is Rs.192. find the number of shares sold by him.

Jash sold a certain number of shares of Rs 20 paying 8% dividend at Rs 18 and invested the proceeds in Rs 10 shares, paying 12% dividend at 50% premium. If the change in his annual income is Rs 120, find the number of shares sold by him.

Q. A man invests Rs.

22, 500

in Rs.

50

shares available at

10 %

discount. If the dividend paid by the company is

12 %

, calculate the rate of return he gets on his investment. Give your answer correct to the nearest whole number.

Join BYJU'S Learning Program

A sum of rupees 11,880 is invested in Rs. 50 shares available at 12% discount. Find the income, if a dividend of 12% is given on the shares.

Investment=Rs.11880N.V of each share=Rs.50Discount=12%∴M.V =50-12% of 50=50−12100×150=Rs.50−6=Rs.44Div%=12%No.of share=investmeniM.Vof1share=1188044=270His annual income=no.of share×div %×N.V od 1 share⇒270×12100×50=Rs.16200