A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When t

1.	A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the M.V. of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8,400 .Calculate : (i) the number of shares he still holds; (ii) the dividend due to him on these remaining shares.
Answer» A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the M.V. of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8,400 .Calculate : (i) the number of shares he still holds; (ii) the dividend due to him on these remaining shares.

A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the M.V. of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8,400 .Calculate : (i) the number of shares he still holds; (ii) the dividend due to him on these remaining shares.

Answer»

A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the M.V. of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8,400 .Calculate :

(i) the number of shares he still holds;

(ii) the dividend due to him on these remaining shares.

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A man invested Rs 45,000 in 15% Rs 100 shares quoted at Rs 125. When the M.V. of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8,400 .Calculate : (i) the number of shares he still holds; (ii) the dividend due to him on these remaining shares.

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