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Find the cost of 96 shares of Rs 10 each...

Find the cost of 96 shares of Rs 10 each at 3/4 discount: brokerage being 1/4 per share

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Find the income derived from 88 shares of Rs 25 each at 5 premium,brokerage being (1)/(4) per share and the rate of dividend being 7(1)/(2)% per annum.Also,find the rate of interest on the investment.

The cost price of a Rs 100 stock at 4 discount, when brokerage is (1)/(4)% is (a) 95.75 (b) Rs 96( ) Rs 96.25(d) Rs 104.25

Find the market value of 200 shares worth Rs. 120, each bought at a discount of Rs. 20 . (in Rs.)

A Co. Ltd. offered to the public 20,000 equity shares of Rs. 100 each at a premium of Rs. 10 per share. The payment was to be as follows : {:("On Application","Rs. 30 per share"),("On Allotment","Rs. 30 per share (including premium)"),("On First Call","Rs. 25 per share"),("On Second & Final Call","Rs. 25 per share"):} Applications were received for 35,000 shares. Applications for 10,000 shares were rejected. Applicats for 15,000 shares were allotted 10,000 shares and remaining applications were accepted in full. The Directors made both the calls. One shareholder holding 500 shares failed to pay the two calls and as a consequence his shares were forfeited 200 of these shares were re-issued as fully paid at Rs. 80 per share. Expenses of issue came to Rs. 10,000. Prepare Cash Book and Journal on the basis of information given above.

Super Star Ltd. issued a prospectus inviting applications for 2,000 shares of Rs. 10 each at a premium of Rs. 2 per share, payable as: {:("On application",-,"Rs. 3 per share (including Rs. 1 premium),"),("On allotment",-,"Rs. 4 per share (including Rs. 1 premium),"),("On first call",-,"Rs. 3 per share."),("On second and final call",-,"Rs. 2 per share."):} Application were received for 3,000 shares and pro rata allotment was made on the applications for 2,400 shares. It was decided to utilise excess application money towards the amount due on allotment. Ramesh, to whom 40 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited. Rajesh, who applied for 72 shares failed to pay the two calls and on such failure, his shares were forfeited. Of the shares forfeited, 80 shares were sold to Krishan credited as fully paid-up for Rs. 9 per share, the whole of Ramesh's shares being included. Give Journal entries to record the above transactions (including cash transactions).

X Ltd., invited applications for 20,000 shares of Rs. 10 each payable as under : Rs. 3 per share on application, Rs. 3 per share on Allotment, Rs. 2 per share on First Call, and Rs. 2 per share on Final Call. Final Call was not made by the company. An applicant who had been allotted 100 shares failed to pay Allotment and First Call money due from him. His shares were forfeited after the First Call and were immediately re-issued at Rs. 8.50 per share. Make necessary entries in the Journal of the company.

RS AGGARWAL-STOCKS AND SHARES-All Questions
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  2. which is better investment: 7.5% stock at 105 or 6.5% stock at 94

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  3. Find the cost of 96 shares of Rs 10 each at 3/4 discount: brokerage be...

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  4. Chinmay invested 25%, 30% and 20% of his savings in buying shares o...

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  5. Find the income derived from 88 shares of Rs 25 each at 5 premium, ...

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  6. Ravi invested Rs 913 partly in 4% stock at Rs 97 and partly in 5% stoc...

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  7. A man buys Rs 25 shares in a company which pays 9% dividend. The mo...

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  8. A man sells Rs 5000, 12% stock at 156 and invests the proceeds part...

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  9. The cost price of a Rs 100 stock at 4 discount, when brokerage is 1...

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  10. The cash realised on selling a 14% stock at Rs 106.25, brokerage being...

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  11. How many shares of market value Rs 25 each can be purchased for Rs ...

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  12. A man invests in a 16% stock at 128. The interest obtained by him i...

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  13. The income derived from a Rs 100, 13% stock at Rs 105, is (a) Rs ...

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  14. A wants to secure an annual income of Rs 1500 by investing in 15% d...

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  15. A man invested Rs 4455 in Rs 10 shares quoted at Rs 8.25. If the ra...

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  16. A man invested Rs 14,400 in Rs 100 shares of a company at 20% premi...

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  17. A person has deposited Rs 13200 in a bank which pays 14% interest. ...

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  18. A 6% stock yields 8%. The market value of the stock is (a) Rs 48...

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  19. A 9% stock yields 8%. The market value of the stock is (a) Rs 72...

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  20. A 12% stock yielding 10% is quoted at (a) Rs 83.33     (b) Rs 11...

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