Question

A man sells his 4,000 rupees stock at 5% at 5 rupees premium. What sum will he get?​

Answer 1

Answer:

Rate of dividend=7%

Nominal value (NV) = Rs 100

Market value (MV) = Rs 120

No. of shares= 150

Therefore, Income =No. of shares

\times rate of dividend

\times NV=

Rs \: (150 \times \dfrac{7}{100} \times 100)=Rs \: 1050

First we need to find the sum invested to find the profit percentage.

Investment=No. of shares

\times MV=

Rs \: (150 \times 120)=Rs \: 18000

Therefore, Required profit percentage

=\dfrac{Income}{Investment} \times 100 \% =\dfrac{Rs \: 1050}{Rs \: 18000} \times 100=5\dfrac{5}{6} \%