Martin sold 400, ₹20 shares paying 5% at ₹18 and invested the proceeds in ₹10 shares paying 7% at ₹12. What was the change in his income? ₹
Answers
Answer:
Total nominal value of 400 shares at Rs. 20 per share=400×20=Rs.8000
∴Dividend=5% of Rs.8000=
100
5
×8000=Rs.400
He sell shares at Rs.18 per share
∴Sales proceed=400×18=Rs.7200
He invest this amount in buying shares (Rs.10) at Rs.12 per share
∴No. of share=
12
7200
=600
∴N.V of 600 shares=600×10=Rs.6000
His income=7% of 6000=
100
7
×6000=Rs.420
Change in his income=420−400=Rs.20
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Answer:
Change in divident =₹20.00
Step-by-step explanation:
Number of shares sold = 400
F.v. = ₹20
M.V.= ₹18
D%= 5%
A= M.V. X N = 18 X 400
A= 7200
divident = 5 x 20 X 400 / 100
divident =₹400 . 00
SALE PROCEEDS
A= 7200.00
D% = 7%
F.V. =₹10.00
M.v. = ₹12.00
N= A / m.v.
N = ₹7200 / 12
N= 600
divident2 = 7 X 10 X 600 /100
divident2 = ₹420 . 00
Change in divident = divident2 -divident1
divident2 -divident1 = ₹420 -₹400 .00
divident2 -divident1 = ₹20.00
Therfore, Change in divident =₹20.00