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.

750

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

100

No worries! We‘ve got your back. Try BYJU‘S free classes today!

850

No worries! We‘ve got your back. Try BYJU‘S free classes today!

700

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
750

Suggest Corrections

Similar questions

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.

Q. Rohit invested Rs.

9, 600

on Rs.

100

shares at Rs.

20

premium paying

8

% dividend. Rohit sold the shares when the price rose to Rs.

160

. He invested the proceeds (excluding dividend) in

10

% Rs.

50

shares at Rs.

40

. Find the :
(i) original number of shares.
(ii) sale proceeds.
(iii) new number of shares.
(iv) change in the two dividends.

Q. Rohit invested Rs 9,600 on Rs 100 shares at Rs 20 premium paying 8% dividend. Rohit sold the shares when the price rose to Rs 160. He invested the proceeds (excluding dividend) in 10% Rs 50 shares at Rs 40. Find the :
(i) Original number of shares
(ii) Sale proceeds
(iii) New number of shares
(iv) Change in the two dividends.
[4 MARKS]

the :

Original number of shares.
Sale proceeds.

Yashraj invested Rs 7000 in 8% shares of Rs 50 at Rs 70. After 1 year he sold them at Rs 65 each and invested proceeds (including dividend) in Rs 100 shares at Rs 92 paying 12% calculate change in his income.

Join BYJU'S Learning Program

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.

The correct option is A 750

The correct option is A
750