21. A person sells 170 shares of Rs 10 each of the Raymonds at Rs 27 and invests the proceeds
from the sale in buying shares of Rs 10 each of Vimals at Rs 70. If the annual dividend
declared by Raymond be 8% and by Vimal 20%, the brokerage being charged be 2%. What
is the change in his income?
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Answer:
A person has s.p =170 × 10
brokerage = 1700 × 2%
1700× 2/100
34
total shares value = 170 - 70
100
that will be changed in income = 100/10
Rs 10
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