Question

If Rohit sold 25 shares of a company at M.P. Rs.10/- and the brokerage was 1 % then the amount Rohit will receive is Rs. ​

Answer 1

Answer:

Step-by-step explanation:

Let x be the number of shares be sold. nomianal value of a share = Rs. 20

Rate of dividend = 8%

8 Dividend on each share= x 20 = Rs. 100 8

8x 5 Dividend on x number of shares = Rs.

20 100 Selling price of each share=20 x 20

= Rs. 16

Sum invested Rs. 16x

Nominal value of each share= Rs. 10

Market value of each share = 10 +

= Rs. 15

50

100

x 10

Number of shares purchased = sum invested Market value of each share 16x 15 =

Income on each share= x 10 = Rs. 1.20 12 100

Total income = 1.20 x 16x 15 = Rs. 1.28x

Change in income =Rs. 600

1.6x - 1.28x = 600

0.32x=600

x = 1875

Number of shares sold = 1875