Question

A man invested ₹45000 in 15% ₹100 shares quoted at ₹125 when the market value of this shares rose to ₹140 he sold some shares just enough to raise ₹8400. Calculate:
(i) the number of shares his still holds
(ii) the dividend due to him on these shares.

Answer 1

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(i)
Total investment = ₹45000
Market value of 1 share = ₹125

=>No. of shares purchased =45000/125 =360

Nominal value of 360 shares
=₹ 100 * 360 = ₹ 36000

Let the no. of shares sold be 'n'

Then sale price of 1 share = ₹140

Total price of n shares = ₹8400

Then,n = 8400/140 = 60

Thus,
The nummer of shares he still hold
=360 - 60
=300

(ii)
Nominal value of 300 shares
=₹ 100 * 300 = ₹30000

Dividend % = 15%

Dividend = 15% of ₹30000

= (15/100) * 30000

= ₹ 4500

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