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

Question 18 Shares and Dividends Exercise 3

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.

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

Related Questions
Exercises

Lido

Courses

Teachers

Book a Demo with us

Syllabus

Maths
CBSE
Maths
ICSE
Science
CBSE

Science
ICSE
English
CBSE
English
ICSE
Coding

Terms & Policies

Selina Question Bank

Maths
Physics
Biology

Allied Question Bank

Chemistry
Connect with us on social media!