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Jash sold a c...

Question

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

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100

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850

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700

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Solution

The correct option is A
750

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[4 MARKS]

the :

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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.

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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