NumericalEasy1 mark
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 number of ₹ 125 shares he buys
Topic: Shares, dividend and return
Previous-year question practice database
Answer
Exam answer
From part (i):
Sale proceeds = ₹10,000
Market price of each new share = ₹125
Number of new shares = 10,000/125 = 80
Answer:
80 shares.
Explanation
The entire sale proceeds are reinvested at ₹125 per share, so divide ₹10,000 by ₹125.
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