question from the book -ML aggarwal ( avichal publication)class 10th , chapter3, shares and dividends
This question was asked in 2004, it’s very important question.
it is given that A man invested Rs 45000 in 15% Rs 100 shares quoted at Rs 125.
When the market value of these shares rose to Rs 140, he sold some shares, just enough to raise Rs 8400.
so what is the approach to Calculate:
(i) The number of shares he still holds.
(ii) The dividend due to him on these shares.
explain it with explanation quoting formulas that can be used here.
Q no. 13, exercise 3, ML Publication, share and dividends