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A man invested Rs 45000 in 15% Rs 100 shares quoted at Rs 125. When the market value of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8400. Calculate:

(i) The number of shares he still holds.

(ii) The dividend due to him on these shares. Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given investment on shares = Rs 45000

Face value of each share = Rs 125

Therefore total number of shares = 45000/125 = 360 shares

Income from sold shares = Rs 8400

Therefore number of shares sold = income from shares/ number of shares sold

= 8400/ 140

= 60

(i) Number of shares he still holds = 300

(ii) Market value of 300 shares = 300 × 140

= Rs 42000

Face value of 300 shares = 300 × 125

= Rs 37500

Difference = Market value – face value

= 42000 – 37500

= Rs 4500

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