Mathematics

Ms. Kaur invested ₹ 8,000 in buying ₹100 shares of a company paying 6% dividend at ₹ 80. After a year, she sold these shares at ₹75 each and invested the proceeds including the dividend received during the first year in buying ₹ 20 shares, paying 15% dividend at ₹ 27 each. Find the :

(a) dividend received by her during the first year.

(b) number of shares purchased by her using the total proceeds.

Shares & Dividends

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