Advertisements
Advertisements
Question
Ashutosh invested Rs 58,500 in buying shares of Rs 150 each of 'Van Chemicals', when it was available in the market at a premium of 30%. He sells one third of them at a market rate of Rs 215, one third of them at a market rate of Rs 195 and the rest at Rs 175. Find his loss or gain from the transaction.
Solution
Investment by Ashutosh =Rs 58,500
Price at which Ashutosh purchased one share =
Rs ( 150 + 30°/o of Rs 150) =Rs (150 + 45) =Rs 195
No. of shares purchased by Ashutosh = `58500/195`= 300
Shares sold at Rs 215 = 1/3 x 300 = 100
Selling price of 100 shares at Rs 215
= Rs ( 100 x 215) = Rs 21,500 ........... (i)
Shares sold at Rs 195 = 1/3 x 300 = 100
Selling price of 100 shares at Rs 175
=Rs (100 x 175) =Rs 17,500 ........... (iii)
Adding ( i), (ii) and (iii), gives total money Ashutosh received by selling his shares
=Rs (21,500 + 19,500 + 17,500) =Rs 58,500
Difference in selling price and cost price= Rs (58,500 -58,500)
=Rs 0.
Hence, Ashutosh sold his shares at no loss or no gain.
APPEARS IN
RELATED QUESTIONS
How much money will be required to buy 125, Rs. 30 shares at a discount of Rs. 3?
A man bought Rs. 40 shares at a discount of 40%. Find his income, if he invests Rs. 12,000 in these shares and receives a dividend at the rate of 11% on the face value of the shares.
A company gives x% dividend on its Rs. 60 shares, whereas the return on the investment in these shares is (x + 3) %. If the market value of each share is Rs. 50, find the value of x.
Akanksha invested 15%, 25% and 35% of her savings in buying shares of 'Infosys', 'Wipro' and 'Reliance' which declared dividends of 16%, 18% and 20% respectively. If her total income from dividends is Rs 52,125, find her savings and the amount invested in each company.
Bhavana invested Rs 20,000 and Rs 25,000 in buying shares of 'Bharati Telecom' and 'Satyam Infoways' which later declared dividend of 10% and 12.5% respectively. After collecting the dividends Bhavana sells all her shares at a loss of 4% and 5% respectively on her investments. Find her total earnings.
Which among these is a better investment:
18% at 120 or 22% at 150
Amitesh had 400 shares of Rs 100 each of 'Telco' paying a dividend of 12.5%. He sold them at a market price of Rs 125 and invested the proceeds in Rs 50 shares of 'Adani Motors' available in the market at Rs 80 and paying a dividend of 16%. How many shares of Adani Motors did Amitesh buy and what is the change in his annual income?
Ramesh had Rs 100 shares of 'Bihar Steel' paying 8% dividend. He sold them at a market price of Rs 130 and invested the proceeds in buying Rs 50 shares of 'Jindal steel' available at Rs 75 and paying 12% dividend. He thus increased the annual income by Rs 360. How many shares did Ramesh sell?
Krithika wants to invest Rs 10,000 in shares of different companies such that the percentage return on her investment is 8%. She invested Rs 4,500 in 6% Rs 100 shares at Rs 75, Rs 2,500 in 8% Rs 100 shares at par and the rest in 16% Rs 100 shares. Find the rate at which she bought the 16% shares.
Mamta invested Rs. 10,846 in buying the shares of a company at Rs. 17 each. If the face value of each share be? 10 and company paid 15% dividend at the end of the year, find the dividend earned by her.
