ICSE Class X Math 2015 Solved Paper

Rohit invested $\₹ 9,600$ on ₹ 100 shares at ₹ 20 premium paying $8 \%$ dividend. Rohit sold the shares when the price rose to $₹ 160$ . He invested the proceeds (excluding dividend) in $10 \% \₹ 50$ shares at $₹ 40$ . Find the :

Question : 36 of 52

Marks: +1, -0

original number of shares.

Solution:

Given : Investment

=₹ 9,600

, N.V.

=₹ 100

, M.V.

=

₹ 120, Div.

=8 \%

\;\text " No. of shares "\;\;=\;{\;\text " Sum investment "\;}/{\;\text " MV of 1 Share "\;}

\;=\;{9,600}/{120}=80

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