Question

A man invested 45000 in 15% 3100 shares quoted at 125. When the market value of
these shares rose to 140, he sold some shares, just enough to raise 8400.
Calculate:
(i) the number of shares he still holds.
(ii) the dividend due to him on these shares.​

Answer 1

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Answer 2

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

No. of shares solid = 8400/140 = 60 shares.

No. of shares he still holds = 360-60 = 300 shares.

Div due on remaining shares = (15/100)*300*100 = Rs 4500.

thank you.

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