Question

a man invests a sum of money on 60 shares available at ₹150 of face value ₹100
1) what is his investment?
2)if the dividend is 6% p.a , what will be his annual income?
3)if he sells 1/3 of shares and get ₹3150 as sales proceeds then at what price did he sell the shares

Answer 1

Answer:

1) 9000 2)

Step-by-step explanation:

Answer 2

Answer: 1) Rs9000

2) Rs 120

3) Rs 157.50

Step-by-step explanation:

1) 60x150 = 9000

2) dividend= dividend percent x NVx number of shares

= 6/100 x 60 x 100

= Rs120

3) 1/3 of shares = 20 shares.

Therefore, 3150/20 = Rs 157.50.