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1.	By purchasing Rs. 25 gas shares for Rs. 40 each, a man gets 4 per cent profit on his investment. What rate per cent is the company paying? What is his dividend if he buys 60 shares?
Answer» Nominal value of 1 share = Rs. 25 Market value of 1 share = Rs. 40 Profit% on investment = 4% Then profit on 1 share = 4% of Rs. 40 = Rs. 1.60 ∴ Dividend % = (1.60/25) ×100%=6.4% Ans. No. of shares purchased = 60 Then dividend on 60 shares = 60 × Rs.1.60 = Rs. 96 Ans.

By purchasing Rs. 25 gas shares for Rs. 40 each, a man gets 4 per cent profit on his investment. What rate per cent is the company paying? What is his dividend if he buys 60 shares?

Answer»

Nominal value of 1 share = Rs. 25

Market value of 1 share = Rs. 40

Profit% on investment = 4%

Then profit on 1 share = 4% of Rs. 40 = Rs. 1.60

∴ Dividend % = (1.60/25) ×100%=6.4% Ans.

No. of shares purchased = 60

Then dividend on 60 shares = 60 × Rs.1.60 = Rs. 96 Ans.

Discussion

2.	A person buys 120 shares at a nominal value of Rs. 40 each, which he sells at Rs. 42.50 each. Find his profit and profit per cent.
Answer» Nominal value of 120 shares = Rs. 40 × 120 = Rs. 4,800 Market value of 120 shares = Rs. 42.50 × 120 = Rs. 5,100 His profit = Rs. 5,100 – Rs. 4,800 = Rs. 300 Ans. Profit = (300/4,800) ×100%=6.25%

A person buys 120 shares at a nominal value of Rs. 40 each, which he sells at Rs. 42.50 each. Find his profit and profit per cent.

Answer»

Nominal value of 120 shares = Rs. 40 × 120 = Rs. 4,800

Market value of 120 shares = Rs. 42.50 × 120 = Rs. 5,100

His profit = Rs. 5,100 – Rs. 4,800 = Rs. 300 Ans.

Profit = (300/4,800) ×100%=6.25%

Discussion