- GST
- Banking
- Shares and Dividends
- Quadratic Equations in One Variable
- Factorization
- Ratio and Proportion
- Matrices
- Arithmetic and Geometric Progression
- Reflection
- Section Formula
- Equation of Straight Line
- Similarity
- Locus
- Circles
- Constructions
- Mensuration
- Trigonometric Identities
- Trigonometric Tables
- Heights and Distances
ML Aggarwal Solutions Class 10 Mathematics Solutions for Shares and Dividends Exercise 3 in Chapter 3 - Shares and Dividends
Prev
A man invests Rs -10080 in 6% hundred- rupee shares at Rs. 112. Find his annual income. When the shares fall to Rs. 96 he sells out the shares and invests the proceeds in 10% ten-rupee shares at Rs. 8. Find the change in his annual income.
Given Investment = Rs. 10080
Face value of each share = Rs. 100
Market value of each share = Rs. 112
Rate of dividend = 6%
Total income for the year = (10080 x 6)/ 112 = Rs 540
Number of shares = 10080/112 = 90
Selling price of 90 shares at the rate of Rs 96 each = 90 x 96 = Rs 8640
Rate of dividend in new shares = 10%
Face value of each share = Rs 10
Market value of each share = Rs 8
Number of shares = 8640/8 = 1080
Face value of 1080 shares = 1080 x 10 = Rs 10800
Dividend = (10800 x 10)/100 = Rs 1080
Difference in income = 1080 – 540 = Rs 540 more
Facebook
Whatsapp
Copy Link
Lido
Courses
Quick Links
Terms & Policies
Terms & Policies
