A man invested Rs 45000 in 15 Rs 100 shares quoted at Rs 125 When the market value of these shares r...

Question

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

Accepted Answer

Given investment on shares Rs 45000 Face value of each share Rs 125 Therefore total number of shares 45000125 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

ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends