Amit Kumar invests $R s 36000$ in buying $R s 100$ shares at $R s 20$ premium. The dividend is $15 %$ per annum. Find :
The number of shares he buys.

Open in App

Solution

Given that,
Investment $= R s .36, 000$
Face value $= R s .100$
Premium $= R s .20$
Discount $= 15$ %
Market value of one share $= R s . (100 + 20) = R s .120$
No. of shares =Investment/market value
$= \frac{36000}{120} = 300$

Suggest Corrections

Similar questions

Q. Amit Kumar invests Rs 36,000 in buying Rs 100 shares at Rs 20 premium. The dividend is

15 %

per annum. Find:
(i) the number of shares he buys
(ii) his yearly dividend
(iii) the percentage return on his investment.
[4 MARKS]

Kumar invests Rs.36,000 in buying Rs.100 shares at Rs.20 premium. The dividend is 15% per annum.

Find

Q. Amit Kumar invests Rs.

36, 000

in buying Rs.

100

shares at Rs.

20

premium. The dividend is

15

% per annum. Find his yearly dividend. Give your answer to the nearest whole number.

Q. Amit Kumar invests Rs 36,000 in buying Rs 100 shares at Rs 20 premium. The dividend is 15% per annum. Find:
(i) The number of shares he buys
(ii) His yearly dividend
(iii) The percentage return on his investment.
Give your answer correct to the nearest whole number.
[3 MARKS]

A man invests Rs 20020 in buying shares of nominal value Rs 26 at $10 %$ premium. The dividend on the shares is $15 %$ per annum. Calculate the number of shares he buys.

Join BYJU'S Learning Program

Amit Kumar invests Rs 36000 in buying Rs 100 shares at Rs 20 premium. The dividend is 15% per annum. Find :The number of shares he buys.

Given that,Investment =Rs.36,000Face value =Rs.100Premium =Rs.20Discount =15%Market value of one share =Rs.(100+20)=Rs.120No. of shares =Investment/market value=36000120=300

Amit Kumar invests $R s 36000$ in buying $R s 100$ shares at $R s 20$ premium. The dividend is $15 %$ per annum. Find :
The number of shares he buys.

Given that,
Investment $= R s .36, 000$
Face value $= R s .100$
Premium $= R s .20$
Discount $= 15$ %
Market value of one share $= R s . (100 + 20) = R s .120$
No. of shares =Investment/market value
$= \frac{36000}{120} = 300$