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Question
Rasika bought Rs. 40 shares at a discount of 40%. Find the income, if she invests Rs.12000 in these shares and receives a dividend at the rate of 11% on the nominal value of the shares.
Solution
Given,
the Face value of the shares (F.V.) = ₹ 40
Discount = 40%
∴ The market value of the shares (M.V.)
= `40 - (40 xx 40/100)`
= 40 - 16
= ₹ 24
Rasika invests ₹ 12,000 in these shares.
∴ Number of shares bought by Rasika
= `" Amount invested"/"Market value of one share"`
= `12000/24`
= 500
Dividend = 11%
∴ Annual income on one share = `11/100 xx 40`
= ₹ 4.4
∴ Rasika’s income on 200 such shares
= 500 × 4.4
= ₹ 2200
∴ Rasika earns ₹ 2200 from her investment
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