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Praveen made aninverstment of Rs. 54,000...

Praveen made aninverstment of Rs. 54,000 in 10 %, Rs. 100 shares at Rs. 90, while Vijay made an investment of Rs. 60,000 in 8%, Rs. 150 shares at Rs. 120. If both of them sold their shares at the end of the year for Rs. 110 each, then their individual earnings are ________. respectively.

A

Rs. 12,000 and Rs. 12,000

B

Rs. 18,000 and Rs. 1000

C

Rs. 12,000 and Rs. 1000

D

Rs. 18,000 and Rs. 1200

Text Solution

Verified by Experts

The correct Answer is:
B
(i) Find the dividends received by two persons.
(ii) Number of shares `=("Total investment")/("MV of each share")`.
(iii) Find their dividends by using `FV` and rate of dividend.
(iv) Find their profit/loss obtained by selling each at Rs. 110.
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