Mrs Naresh sold 600. Rs. 25 shares paying 6.5%dividend at Rs. 22 and invested the sale proceeds in
Rs. 10 shares, paying 9 % at Rs. 12
i. How many shares did she buy?
ii. What was her annual income from her new investment?
iii. What was the percentage of difference in her income?
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Answer:
₹1100, ₹990, 1.54%
Step-by-step explanation:
initial shares : 600
SP of each : ₹22
sale proceeds : 600 × 22 = ₹13200
final share CP each : ₹12
i) final shares : 13200/12 = 1100
ii) new income : 1100×10×9/100 = ₹990
earlier income : 600×25×6.5/100 = ₹975
income difference ; 990 - 975 = ₹15
iii) %increase : 15×100/975 = 1.54%
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