this is very important question .
this has been asked in 2005 and can be asked in fcuture.
this is from the book -ML aggarwal( avichal publication)class 10th , chapter3, shares and dividends
given that Mr. Tiwari invested Rs 29040 in 15% Rs 100 shares at a premium of 20%.
please explain how to find number of shares bought by MrTiwari
we also have to find what Mr. Tiwari’s income from the investment is and The percentage return on his investment.
this question has three subparts so please explain them separately.
Q no. 10 , exercise 3, ML Publication, share and dividends
Market value of one share = [(200/100)×100]+100 = Rs 120.
Number of shares = (Investment/Market value of one share) = 29040/120 = Rs 242.
Therefore, income from investment = 242×15 = Rs 3,630.
Percentage return on his investment = (Dividend /Market value)×100=(15/120)×100
= 12.5%.