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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] |
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Answer» 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] |
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