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A man invests ₹ 13,500 partly in 6% of ₹ 100 shares at ₹ 140 and the remaining in 5% of ₹ 100 shares at ₹ 125. If his total income is ₹ 560, how much has he invested in each? - Business Mathematics and Statistics

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प्रश्न

A man invests ₹ 13,500 partly in 6% of ₹ 100 shares at ₹ 140 and the remaining in 5% of ₹ 100 shares at ₹ 125. If his total income is ₹ 560, how much has he invested in each?

योग

उत्तर

Let the amount invested in 6% of ₹ 100 shares at ₹ 140 be x.

Then the amount invested in 5% of ₹ 100 shares at ₹ 125 is ₹ 13500 – x.

Income from 6% shares = Number of shares × Face value of a share × Rate of dividend

= `"x"/140 xx 100 xx 6/100`

= `(3"x")/70`

Income from 5% shares = Number of shares × Face value of a share × Rate of dividend

= `(13500 - "x")/125 xx 100 xx 5/100`

= `(13500 - "x")/25`

Given that the total income = ₹ 560

`(3"x")/70 + (13500 - "x")/25` = 560

`((3"x") xx 5 + (13500 - "x") xx 14)/350` = 560

`(15"x" + 13500 xx 14 - 14"x")/350` = 560

x + 13500 × 14 = 560 × 350

x = 196000 – 189000 = 7000

Amount invested at 6% stock = ₹ 7,000

Amount invested at 5% stock = ₹ 13500 – ₹ 7000 = ₹ 6500

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अध्याय 7: Financial Mathematics - Exercise 7.2 [पृष्ठ १७१]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 11 TN Board
अध्याय 7 Financial Mathematics
Exercise 7.2 | Q 7 | पृष्ठ १७१

संबंधित प्रश्न

A man buys 400 of ₹ 10 shares at a premium of ₹ 2.50 on each share. If the rate of dividend is 12%, then find

  1. his investment
  2. annual dividend received by him
  3. rate of interest received by him on his money

Sundar bought ₹ 4,500, 12% of ₹ 10 shares at par. He sold them when the price rose to ₹ 23 and invested the proceeds in ₹ 25 shares paying 10% per annum at ₹ 18. Find the change in his income.


Babu sold some ₹ 100 shares at 10% discount and invested his sales proceeds in 15% of ₹ 50 shares at ₹ 33. Had he sold his shares at 10% premium instead of 10% discount, he would have earned ₹ 450 more. Find the number of shares sold by him.


Which is better investment? 7% of ₹ 100 shares at ₹ 120 (or) 8% of ₹ 100 shares at ₹ 135.


Which is better investment? 20% stock at 140 (or) 10% stock at 70.


If a man received a total dividend of ₹ 25,000 at 10% dividend rate on a stock of face value ₹ 100, then the number of shares purchased.


The brokerage paid by a person on the sale of 400 shares of face value ₹ 100 at 1% brokerage __________.


Purchasing price of one share of face value ₹ 100 available at a discount of `9 1/2%` with brokerage `1/2%` is ____________.


The % of income on 7% stock at ₹ 80 is ___________.


A man sells 2000 ordinary shares (par value ₹ 10) of a tea company which pays a dividend of 25% at ₹ 33 per share. He invests the proceeds in cotton textiles (par value ₹ 25) ordinary shares at ₹ 44 per share which pays a dividend of 15%. Find

  1. the number of cotton textiles shares purchased and
  2. change in his dividend income.

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