Question

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?​

Answer 1

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%