Mathematics
A man invests ₹ 36,000 in 15% ₹ 100 shares at ₹ 120, when the market value of this shares rose to ₹ 200, he sold some shares to purchase a laptop worth ₹ 40,000. Calculate :
(i) the number of shares he still holds
(ii) the dividend he will get on these remaining shares.
Shares & Dividends
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Answer
(i) Given,
Investment amount = ₹ 36,000
Face value per share = ₹ 100
Market value per share = ₹ 120
Dividend = 15%
By formula,
Number of shares = = 300
Given,
The man sold some shares to purchase a laptop worth ₹ 40,000, when the shares price rose to ₹ 200. Let no. of shares sold be x.
⇒ x × 200 = 40000
⇒ x = = 200.
Remaining shares = Total shares - sold shares
= 300 - 200 = 100.
Hence, the number of shares he still holds = 100.
(ii) By formula,
Annual dividend = Number of shares x Dividend rate x face value of share
= 100 x x 100
= ₹ 1,500
Hence, the dividend the man will get on the remaining shares = ₹ 1,500.
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