A man invested 45000 in 15% 100 shares quoted at 125.when the market value of these shares rose to 140, he sold some shares just enough to raise to 8400.calculate:a)the number of shares he still holds and the divident due to him on these remaining shares
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Let the investment be Rs.120 × 13.50
In the first case :
As, investment is Rs.120 income is Rs.7
Hence, when investment is Rs.120 × 13.50
income is (Rs.7 × Rs120 × 13.50)/Rs.120 = Rs.94.50
In the second case :
As, investment is Rs.13.50 income is 8% of Rs.10 = Re.0.80
Hence, when investment is Rs.120 × 13.50
income is (Re.0.80 × Rs.120 × 13.50)/Rs.13.50 = Rs.96.00
Therefore, second investment is better
In the first case :
As, investment is Rs.120 income is Rs.7
Hence, when investment is Rs.120 × 13.50
income is (Rs.7 × Rs120 × 13.50)/Rs.120 = Rs.94.50
In the second case :
As, investment is Rs.13.50 income is 8% of Rs.10 = Re.0.80
Hence, when investment is Rs.120 × 13.50
income is (Re.0.80 × Rs.120 × 13.50)/Rs.13.50 = Rs.96.00
Therefore, second investment is better
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