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 : 37 of 52

Marks: +1, -0

sale proceeds.

Solution:

\;\text " Sale proceed "\;\;=80 × 160

\;=₹ 12,800

For 2nd type,

\;\text " N.V. "\;=₹ 50, \;\text " M.V. "\;=₹ 40, \;\text " Div. "\;=10 \%

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