Home
Class 10
MATHS
A man bought 360 ten- rupee shares of a ...

A man bought 360 ten- rupee shares of a company paying 12 percent per annum. He sold the shares when their price rose to `21rs` per share and invested the proceeds in five-rupee shares paying 4.5 percent per annum at `3.50rs` per share. Find the annual change in his income.

Text Solution

Verified by Experts

The correct Answer is:
Increase `=54rs`
Promotional Banner

Topper's Solved these Questions

  • SHARES AND DIVIDENDS

    ICSE|Exercise Exercise 3(C )|20 Videos

  • SHARES AND DIVIDENDS

    ICSE|Exercise Exercise 3(A)|15 Videos

  • SECTION AND MID-POINT FORMULA

    ICSE|Exercise QUESTIONS|17 Videos

  • SIMILARITY

    ICSE|Exercise MULTIPLE CHOICE QUESTIONS (COMPETENCY BASED QUESTIONS)|10 Videos

Similar Questions

Explore conceptually related problems

A man sold 400 (20rs) shares of a company, paying 5% at 18rs and invested the proceeds in (10rs) shares of another company paying 7% at 12rs . How many ( 10rs) shares did he buy and what was the change in his income ?

Vivek invests 4500rs in 8% 10rs shares at 15rs . He sells the shares when the price rises to 30rs , and invests the proceeds in 12% 100rs shares at 125rs . Calculate (i) the sale proceeds (ii) the number of 125rs shares he buys (iii) the change in his annual income from dividend.

Rakhee invested 12500rs in shares of a company paying 6% dividend per annum. If she bought 50rs shares for 62.50rs each, find her income from the investment.

A man buys 50rs shares of a company, paying 12 percent dividend at a premium of 10rs Find : (i) the market value of 320 shares (ii) his annual income (iii) his profit percent

Rohit invested 9600rs on 100rs shares at 20rs premium paying 8% dividend. Rohit sold the shares when the price rose to 160rs . He invested the proceeds (excluding dividend) in 10% 50rs shares at 40rs find the (i) original number of shares (ii) sale proceeds (iii) new number of shares (iv) change in the two dividends

A man buys a 80rs share in a company which pays 20% dividend. He buys the share at such a price that his profit is 16% on his investment. At what price did he buy the share ?

John had 1000 shares of a company with a face value of 40rs and paying 8% dividend. He sold some of these shares at a discount of 10% and invested the proceeds in 20rs shares at a premium of 50% and paying 12% dividend. If the change in his income is 192rs , find the number of shares sold by John.

A man has 300, 50rs shares of a company paying 20% dividend. Find his net income after paying 3% income tax.

A man sells 60 , 15rs shares of a company paying 12 percent dividend, at 21rs each and invests the proceedsin 6rs shares of another company at 9rs each. Find his change in income, if the second company pays a dividend of 8 percent

A man ivests 11200rs in a company paying 6 percent per annum when its 100rs shares can be bought for 140rs Find : (i) his annual dividend (ii) his percentage return on his investment

ICSE-SHARES AND DIVIDENDS-Exercise 3(B)
  1. A man buys 75, 100rs shares paying 9 percent dividend. He buys shares ...

    Text Solution

    |

  2. By purchasing 25rs shares for 40rs each, a man gets 4 percent profit o...

    Text Solution

    |

  3. Hundread rupee shares of a company are available in the market at a pr...

    Text Solution

    |

  4. 50rs shares of a company are quoted at a discount of 10%. Find the ra...

    Text Solution

    |

  5. A company declares 8 percent dividend to the share holders. If a man r...

    Text Solution

    |

  6. How much should a man invest in 100rs shares selling at 110rs to obtai...

    Text Solution

    |

  7. A company declares a dividend of 11.2% to all its share holders. If it...

    Text Solution

    |

  8. A man buys 400, twenty-rupee shares at a premium of 4rs each and recei...

    Text Solution

    |

  9. A man buys 400 twenty rupee shares at a discount of 20% and receives a...

    Text Solution

    |

  10. A company with 10000 shares of 100rs each declares an annual dividend ...

    Text Solution

    |

  11. A lady holds 1800 , 100rs shares of a company that pays 15% dividend a...

    Text Solution

    |

  12. A man ivests 11200rs in a company paying 6 percent per annum when its ...

    Text Solution

    |

  13. Mr. Sharma has 60 shares of N.V. 100rs and sells them when they are a ...

    Text Solution

    |

  14. A company with 10000 shares of nominal value 100rs declares an annual ...

    Text Solution

    |

  15. Which is the better investment 16% 100rs shares at 80 or 20% 100rs sha...

    Text Solution

    |

  16. A man has a choice to invest in hundread rupee shares of two firms at ...

    Text Solution

    |

  17. A man bought 360 ten- rupee shares of a company paying 12 percent per ...

    Text Solution

    |

  18. A man sold 400 (20rs) shares of a company, paying 5% at 18rs and inves...

    Text Solution

    |

  19. Two brothers A and B invest 16000rs each in buying shares of two compa...

    Text Solution

    |

  20. A man invests 20020rs in buying shares of N.V. 26rs at 10% premium. Th...

    Text Solution

    |