Saved Bookmarks
| 1. |
A man transfers his rupees 100 shares from 10% at 75 to 16% at 80 and there by increases his annual income by rupees 2000. Find the number of original shares held by him. |
|
Answer» Answer: Answer: number of shares sold by him is 40 Step-by-step explanation: Let number of shares sold be s Nominal value = 100 Rate of DIVIDEND = 10% Hence Annual income(A) = Rate of dividend x nominal value x number of shares => A = 10/100 x 100 x s = 10s.....................eq1 As each share is sold at a discount of 25% selling price of ONE share = RS 75 selling price of s number of shares = Rs 75s Given that nominal value = 100 Market value = 80 rate of dividend = 16 % Number of shares bought = selling price of OLD shares/market value = 75s/80 Hence new annual income (B) B = Rate of dividend x nominal value x number of shares => B = 16/100 x 100 x 75s/80 => B = 15s Given that his annual income increases by Rs 200 => 15s - 10s = 200 => 5s = 200 => s = 40 Hence number of shares sold by him is 40 Plz mark brainliest ❤️❤️ |
|