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Question

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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Solution

Given : Investment = Rs. 9,600, NV= Rs. 100, MV= Rs. 120, Div=8%

(i) Number of shares =SuminvestmentMVof1Share
=9,600120

=80

(ii) Sale proceed =80×160

= Rs. 12,800
For 2nd type,
NV= Rs. 50, MV= Rs. 40, Div=10%

(iii) New number of shares =12,80040

=320

(iv) Div1=8100×100×80= Rs. 640

Div2=10100×50×320= Rs. 1,600

Change in two div. = Rs. 1,600 Rs. 640= Rs. 960.

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