Question

a person invested rs. 8000 and rs. 10000 in buying shares of two companies which declared dividend of 12% and 8% respectively. He collects the dividends and sells his shares at loss of 2% and 3%. What is his gain in the transaction?

Answer 1

Investment in first company shares = 8000 Rs.
Dividend collected as declared by company @ 12% = 8000*12% = 960 Rs.
Investment in second company shares = 10000 Rs.
Dividend collected as declared by company @ 8% = 10000*8% = 800 Rs.
Loss in selling of first company shares @ 2% loss = 8000*2% = 160 Rs.
Loss in selling of second company shares @ 3% loss = 10000*3% = 300 Rs.
Gain in the transactions = Total dividend - total loss =
(960+800) - (160+300) = 1760 - 460 = 1300 Rs.
Ans = 1300 Rs.

Answer 2

here is the simplified answer