Question

A man invested Rs 45000 in 15% Rs 100 shares quoted at Rs 125. When the market value of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8400. Calculate:
The no. of shares he still holds.
The dividend due to him on these remaining shares.

Answer 1

No of shares purchased = 45000/125 = 360 shares

No of shares sold= 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

Answer 2

Answer: The dividend is due to him is Rs. 4500.

Step-by-step explanation:

Since we have given that

Amount invested = Rs. 45000

Cost of share = Rs. 125

So, Number of shares purchased is given by

$\dfrac{45000}{125}=360$

Amount get = Rs. 8400

Cost of share = Rs. 140

So, Number of share sold is given by

$\dfrac{8400}{140}\\\\=60$

Number of shares left = 360 - 60 = 300

Dividend due to him on remaining shares is given by

$300\times \dfrac{15}{100}\times 100\\\\=Rs.\ 4500$

Hence, the dividend is due to him is Rs. 4500.