Mathematics
A man has some shares of ₹100 par value paying 6% dividend. He sells half of these at a discount of 10% and invests the proceeds in 7% ₹50 shares at a premium of ₹10. This transaction decreases his income from dividends by ₹120.
Calculate:
(i) the number of shares before the transaction.
(ii) the number of shares he sold.
(iii) his initial annual income from shares.
Related Questions
At what price should a 9% ₹100 share be quoted when the money is worth 6%?
By selling at ₹92, some 2.5% ₹100 shares and investing the proceeds in 5% ₹100 shares at ₹115, a person increased his annual income by ₹90. Find:
(i) the number of shares sold.
(ii) the number of shares purchased.
(iii) the new income.
(iv) the rate percent which he earns on his investment.
Divide ₹101520 into two parts such that if one part is invested in 8% ₹100 shares at 8% discount and the other in 9% ₹50 shares at 8% premium, the annual incomes are equal.
A man buys ₹40 shares of a company which pays 10% dividend. He buys the shares at such a price that his profit is 16% on his investment. At what price did he buy each share?