Rohit invested Rs.9600 on rs.100 shares at rs.20 premium paying 8% dividend. Rohit sold these shares when the price rose to rs.160. he invested the proceeds (excluding dividend) in 10% Rs..50 shares at Rs.40. find

the :

Original number of shares.

Sale proceeds.

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Solution

Rohit invested ` 9600 on ` 100 shares at 20% premium paying 8% dividend. Market value of one share =
100+20% of 100 = 120

The original number of shares purchased = investment market value of one share = 9600 divideed by 120 = 80

Selling price of one share = ` 160, ∴ selling price of 80 shares = ` (160 × 80) = ` 12800. Hence, Rohit’s sale proceeds = ` 12800.

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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.
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Rohit invested Rs.9600 on rs.100 shares at rs.20 premium paying 8% dividend. Rohit sold these shares when the price rose to rs.160. he invested the proceeds (excluding dividend) in 10% Rs..50 shares at Rs.40. find the : Original number of shares. Sale proceeds.

Rohit invested Rs.9600 on rs.100 shares at rs.20 premium paying 8% dividend. Rohit sold these shares when the price rose to rs.160. he invested the proceeds (excluding dividend) in 10% Rs..50 shares at Rs.40. find

the :

Original number of shares.

Sale proceeds.