NumericalModerate2 marks
9(c)
Sachin invests ₹ 8500 in 10%, ₹ 100 shares at ₹ 170. He sells the shares when the price of each share rises by ₹ 30. He invests the proceeds in 12%, ₹ 100 shares at ₹ 125. Find:
the sale proceeds.
Topic: Shares, dividend and return
Previous-year question practice database
Answer
Exam answer
Given:
Investment = ₹8,500 Market price of each old share = ₹170
Number of old shares = 8,500/170 = 50
The price rises by ₹30.
New selling price per share = 170 + 30 = ₹200
Sale proceeds = 50 × 200 = ₹10,000
Answer:
₹10,000.
Explanation
First find the number of old shares, then multiply by the new selling price of ₹200 per share.
More from Shares and Dividend
Asha buys ₹ 20 shares of a company which pays 9% dividend at such a price that she gets a return of 12% on her investment. At what price did she buy each share?2026the money invested by Kabir in buying these shares.2026the rate of dividend, if he received ₹ 1,080 as dividend from these shares after one year.2026his rate of return.2026A man invested in a company paying 12% dividend on its share. If the percentage return on his investment is 10%, then the shares are:2025market value2025