anil possessed 500,Rs.100shares paying g 15%dividend.he sold these shares at the discount of 20%and invested the proceeds in Rs.100shares paying 30%dividendat the premium of 25%.find:(1)selling price of the shares,(2)the no.of new shares brought with the proceeds (3)his change in income
Answers
Selling Price of 500 shares = Rs 40000 , the no.of new shares brought = 320 , Rs 2100 increase in income
Step-by-step explanation:
anil possessed 500,Rs.100shares paying g 15%dividend.
Dividend per share = (15/100)100 = Rs 15
Dividend for 500 shares = 500 * 15 = Rs 7500
sold these shares at the discount of 20%
=> Selling Price per share = 100 - (20/100)100 = Rs 80
Selling Price of 500 shares = 500 * 80 = Rs 40000
Bought Rs 100 shares at 25% premium
Buying price per share = 100 + (25/100)100 = Rs 125
Number of Shares bought = 40000/125 = 320
Dividend per share =(30/100)100 = Rs 30
Dividend for 320 shares = 320 * 30 = Rs 9600
Change in Income = 9600 - 7500 = Rs 2100
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