a man invests rs 21000 in 12% , rs 100 shares quoted at 5% premium . at the end of the year he sells them at 10% discounts and reinvests the proceeds in 15% , rs 50 shares quoted at 10% discount. calculate the change in his annual income
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Answer:
Given that,
Investment =Rs.36,000
Face value =Rs.100
Premium =Rs.20
Discount =15%
Market value of one share =Rs.(100+20)=Rs.120
No. of shares =Investment/market value
=
120
36000
=300
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