Vimal sold a certain number of rs.20 shares, paying 8 percent dividend, at rs.
18 and invested the proceeds in rs. 10 shares, paying 12 percent dividend, at 50 percent premium. If his annual dividend income decreases by rs. 120, find the number of shares sold by Vimal.
Answers
Answered by
7
- let
Transaction = LCM of 18 & 15 (selling & buying rates) = rs 90
then 5 shares sold @ rs18 & 6 shares bought @ rs15
annual loss = 5 x 20 x 0.08 - 6 x 10 x 0.12 = Rs 0.80 ( 8% = 0.80 & 12% = 0.12)
since loss was rs 120,
No. of shares = 120/0.8 = 150
Answered by
54
Answer:
Let transaction = lcm of 18 & 15 (selling & buying rates) = rs 90
then 5 shares sold @ rs18 & 6 shares bought @ rs15
annual loss = 5*20*0.08 - 6*10*0.12 = rs0.80
since loss was rs 120,
# of shares = 120/0.8 = 150
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