Mukul had 400 shares of face value Rs. 100 in a company paying x% dividend. Later, he sold one- fourth shares when the price rose to Rs. 150 and the remaining when the price again rose by 20%. Then he invested the total proceeds in 12% Rs. 100 shares of a company at Rs. 150 and increased his income by Rs. 3120. Find the value of x.
Answers
Answered by
3
Value of x I.e. In first investment =6%
Similar questions