Home
Class 9
MATHS
Amit bought 150 shares of Rs.100 each. T...

Amit bought 150 shares of Rs.100 each. The paid-up value of each share is Rs.60. Find the amount to be paid as a second instalment. (in Rs.)

A

5000

B

6000

C

4500

D

7500

Text Solution

Verified by Experts

The correct Answer is:
B
Find the paid-up capital.
Promotional Banner

Topper's Solved these Questions

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 2)|10 Videos

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise CONCEPT APPLICATION (LEVEL 3)|10 Videos

  • SHARES AND DIVIDENDS

    PEARSON IIT JEE FOUNDATION|Exercise EASSY TYPE QUESTIONS|5 Videos

  • SETS AND RELATIONS

    PEARSON IIT JEE FOUNDATION|Exercise LEVEL 3|8 Videos

  • SIGNIFICANT FIGURES

    PEARSON IIT JEE FOUNDATION|Exercise Level 2|28 Videos

Similar Questions

Explore conceptually related problems

Rahul bought 30 shres at Rs.160 each. The par value of each share was Rs. 150. The dividend paid to him was at 6% per annum. By how much did his total investment exceed his total annual income? (in Rs.).

A company has 500 shares of Rs.25 each. If Rs.15 is paid-up for each share, then what is the paid-up capital? Also, find the amount to be paid in the second investment.

Aswin bought some shares of Rs.75 from a company. He paid Rs.50 as a paid-up value of each share, Rs.32,000 as a paid-up capital. Find the total authorized capital of Aswin. (in Rs.)

Ms Shriya bought 1000 shares worth Rs. 500 each at 12% premium. Find the market value of each share.

Hari invested Rs.24,000 in buying shares worth Rs.300 each. The dividend paid to him was Rs.20 per share. Find his total annual income from the shares. (in Rs.)

The authorized capital of a company is Rs.150,000 and the number of shares is 500. What is the face value of each shares is 500. What is the face value of each share ? If the paid-up capital is Rs.60,000, then what is the paid-up value of each share?

A, who holds 200 shares of Rs. 100 each, has paid only Rs. 25 per share as application money. B, who holds 300 shares of Rs. 100 each, has paid Rs. 25 per share on application and Rs. 30 per share on allotment. C, who holds 400 shares of Rs. 100 each, has paid Rs. 25 per share on application, Rs. 30 per share on allotment and Rs. 20 per share on first call. They failed to pay their arrears and the final call. Their shares were forfeited and re-issued at Rs. 95 per share. Prepare necessary journal entries.

Pass journal entries for the forfeiture and re-issue in the following cases : (i) A Ltd. forfeited 100 shares of Rs. 10 each fully called-up foe non-payment of first call of Rs. 3 per share and final call of Rs. 3 per share. All of these shares were re-issued as fully paid for Rs. 10 per share. (ii) B Ltd. forfeited 400 shares of Rs. 10 each fully called-up for non-payment of final call of Rs. 3 per share. 300 of these shares were re-issued as fully paid for Rs. 8 per share. (iii) C Ltd. forfeited 700 shares of Rs. 10 each fully called-up on which the holder has paid application money @ Rs. 3 and allotment money @ Rs. 2 per share. Out of these, 300 shares were re-issued as fully paid @ Rs. 7 per share. (iv) D Ltd. forfeited 1,000 shares of Rs. 10 each fully called-up on which the holder has paid only the application money @ Rs. 3 per share. Out of these, 600 shares were re-issued at Rs. 10.50 per share, fully paid up.

Shares worth Rs.200 each were bought at a premium of Rs.40. The dividend paid was 8% per annum. Find the annual income per share. (in Rs.)