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Question

# Ajeet invests ₹ 9000 in a company paying a dividend of 6% per annum when its ₹ 100 shares can be bought for ₹ 150. Find :- i) his annual income ii) If he sells 50% of his shares at ₹ 200 each, what is his gain in this transaction?

A

i) 260 ii) ₹ 1000

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B

i) ₹ 160 ii) ₹ 2000

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C

i) ₹ 360 ii) ₹ 1500

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D

i) ₹ 260 ii) ₹ 2500

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Solution

## The correct option is C i) ₹ 360 ii) ₹ 1500 Ajeet invested ₹ 9000 and Market value of each share is ₹ 150 so, Number of shares bought by Ajeet = ₹ 9000₹ 1500=60 His annual income = No of shares × Dividend % × N.V = 60×6100×100=₹ 360 He sold 50% of his share i.e 30 shares at ₹ 200 Money received on selling shares = 30 × 20 = ₹ 6000 cost of the 30 shares = 30×150 ₹ 4500 So, gain in the transaction = ₹ 6000 - ₹ 4500 = ₹ 1500

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