# Frank Solutions for Chapter 4 Shares and Dividend Class 10 ICSE Mathematics

Chapter 4 Shares and Dividend

1. Calculate the investment required to buy:

(a) 500 shares of Rs 75 each at a premium of Rs 17.

(b) 315 shares of Rs 60 each at a premium of Rs 12.

(c) 600 shares of Rs 25 each at a discount of Rs 3.

(d) 425 shares of Rs 10 each at a discount of Rs 1.50.

(e) 250 shares of Rs 20 each at par.

(f) 150 shares of Rs 100 each at a premium of 12%.

(g) 220 shares of Rs 75 each at a premium of 15%.

From the question it is given that,

(a) The number of shares 500

Then, shares of ₹ 75 each at a premium of ₹ 17 = 75 + 17 = ₹ 92

So, the investment required to buy 500 shares = 92 × 500

= ₹ 46,000

(b) 315 shares of Rs 60 each at a premium of Rs 12.

From the question it is given that,

The number of shares 315

Then, shares of ₹ 60 each at a premium of ₹ 12 = 60 + 12 = ₹ 72

So, the investment required to buy 315 shares = 72 × 315

= ₹ 22,680

(c) 600 shares of Rs 25 each at a discount of Rs 3.

From the question it is given that,

The number of shares 600

Then, shares of ₹ 25 each at a discount of ₹ 3 = 25 – 3 = ₹ 22

So, the investment required to buy 600 shares = 22 × 600

= ₹ 13,200

(d) 425 shares of Rs 10 each at a discount of Rs 1.50.

From the question it is given that,

The number of shares 425

Then, shares of ₹ 10 each at a discount of ₹ 1.50 = 10 – 1.50 = ₹ 8.50

So, the investment required to buy 600 shares = 8.50 × 425

= ₹ 3,612.50

(e)
250 shares of Rs 20 each at par.

From the question it is given that,

The number of shares 250

Then, shares of ₹ 20 each at par

So, the investment required to buy 250 shares = 20 × 250

= ₹ 5,000

(f) 150 shares of Rs 100 each at a premium of 12%.

From the question it is given that,

The number of shares 150

Then, shares of ₹ 100 each at a premium of 12% = (100 + 12% of ₹ 100)

= 100 + ((12/100) × 100)

= 100 + 12

= ₹ 112

So, the investment required to buy 150 shares = 112 × 150

= ₹ 16,800

(g) 220 shares of Rs 75 each at a premium of 15%.

From the question it is given that,

The number of shares 220

Then, shares of ₹ 75 each at a premium of 15% = (75 + 15% of ₹ 75)

= 75 + ((15/100) × 75)

= 75 + 11.25

= ₹ 86.25

So, the investment required to buy 220 shares = 86.25 × 220

= ₹ 18,975

(h) 340 shares of Rs 125 each at a discount of 20%.

From the question it is given that,

The number of shares 340

Then, shares of ₹ 125 each at a discount of 20% = (125 – 20% of ₹ 125)

= 125 – ((20/100) × 125)

= 125 – 25

= ₹ 100

So, the investment required to buy 220 shares = 340 × 100

= ₹ 34,000

(i) 750 shares of Rs 100 each at a discount of 24%.

From the question it is given that,

The number of shares 750

Then, shares of ₹ 100 each at a discount of 24% = (100 – 24% of ₹ 100)

= 100 – ((24/100) × 100)

= 100 – 24

= ₹ 76

So, the investment required to buy 750 shares = 750 × 76

= ₹ 57,000

(j) 116 shares of Rs 125 each at par.

From the question it is given that,

The number of shares 116

Then, shares of ₹ 125 each at par

So, the investment required to buy 116 shares = 125 × 116

= ₹ 14,500

2. Calculate the annual income of the following:

(a) 180 shares of Rs 50 each paying 12% dividend.

(b) 424 shares of Rs 125 each paying 8% dividend.

(c) 60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.

(d) 120 shares of Rs 50 each available at Rs 62 and paying 13% dividend.

(a) 180 shares of Rs 50 each paying 12% dividend.

From the question it is given that,

The number of shares 180

Then, shares of ₹ 50,

Therefore, total investment = ₹ (50 × 180) = ₹ 9,000

Dividend = 12%

So, the annual Income = (12 × 9,000)/100

= ₹ 1,080

(b) 424 shares of Rs 125 each paying 8% dividend.

From the question it is given that,

The number of shares 424

Then, shares of ₹ 125,

Therefore, total investment = ₹ (125 × 424) = ₹ 53,000

Dividend = 8%

So, the annual Income = (8 × 53,000)/100

= ₹ 4,240

(c) 60 shares of Rs 100 each available at Rs 75 and paying 5% dividend.

From the question it is given that,

The number of shares 60

Then, shares of ₹ 100,

Therefore, total investment = ₹ (100 × 60) = ₹ 6,000

Dividend = 5%

So, the annual Income = (5 × 6,000)/100

= ₹ 300

(d) 120 shares of Rs 50 each available at Rs 62 and paying 13% dividend.

From the question it is given that,

The number of shares 120

Then, shares of ₹ 50,

Therefore, total investment = ₹ (50 × 120) = ₹ 6,000

Dividend = 13%

So, the annual Income = (13 × 6,000)/100

= ₹ 780

3. Calculate the percentage income in the following investments:

(a) Rs 7,225 paying 12% when a Rs 100 share is available at 15% discount.

(b) Rs 7,168 paying 15% when a Rs 80 share is available at 40% premium.

(c) Rs 36,250 in a Rs 125 share paying 8% and available at a premium of Rs 20.

(d) Rs 12,375 in a Rs 75 share paying 4% and available at a discount of Rs 20.

(a) Rs 7,225 paying 12% when a Rs 100 share is available at 15% discount.

From the question it is given that,

Nominal value of each share = ₹ 100 is available at 15% discount

Therefore, Market value = ₹ (100 – 15 % of ₹ 100)

= ₹ 100 – ₹ 15

= ₹ 85

Then, number of shares purchased = 7,225/85

= ₹ 85

So, face value of 85 shares = ₹ 100 × 85

= ₹ 8,500

Given, dividend = 12%

Annual income = (12 × 8,500)/100

= ₹ 1,020

Therefore, percentage income = (1,020 × 100)/7,225

= 14.12%

(b) Rs 7,168 paying 15% when a Rs 80 share is available at 40% premium.

From the question it is given that,

Nominal value of each share = ₹ 80 is available at 40% premium

Therefore, Market value = ₹ (80 + 40 % of ₹ 80)

= ₹ 80 + ₹ 32

= ₹ 112

Then, number of shares purchased = 7,168/112

= ₹ 64

So, face value of 64 shares = ₹ 80 × 64

= ₹ 5,120

Given, dividend = 15%

Annual income = (15 × 5,120)/100

= ₹ 768

Therefore, percentage income = (768 × 100)/7,168

= 10.71%

(c) Rs 36,250 in a Rs 125 share paying 8% and available at a premium of Rs 20.

From the question it is given that,

Nominal value of each share = ₹ 125 is available at 8% premium

Therefore, Market value = ₹ (125 + ₹ 20)

= ₹ 145

Then, number of shares purchased = 36,250/145

= ₹ 250

So, face value of 250 shares = ₹ 125 × 250

= ₹ 31,250

Given, dividend = 8%

Annual income = (8 × 31,250)/100

= ₹ 2,500

Therefore, percentage income = (2,500 × 100)/36,250

= 6.9%

(d) Rs 12,375 in a Rs 75 share paying 4% and available at a discount of Rs 20.

From the question it is given that,

Nominal value of each share = ₹ 75 is available at discount

Therefore, Market value = (₹ 75 – ₹ 20)

= ₹ 55

Then, number of shares purchased = 12,375/55

= ₹ 255

So, face value of 225 shares = ₹ 75 × ₹ 225

= ₹ 16,875

Given, dividend = 4%

Annual income = (4 × 16,875)/100

= ₹ 675

Therefore, percentage income = (675 × 100)/12,375

= 5.45%

4. Rani has 500 shares of Rs 125 each of a company paying 12% dividend. Find her net income after paying 5% income tax.

From the question it is given that,

Number of shares = 500

Then, nominal value of each share = ₹ 125

So, face value of 500 shares = ₹ 125 × ₹ 500

= ₹ 62,500

Rate of dividend = 12%

Therefore, total dividend = (62,500 × 12)/100

= ₹ 7,500

So, rate of income tax = 5%

Total tax = (5 × 7500)/100

= ₹ 375

Hence, net income = ₹(7,500 – 375)

= ₹ 7,125

5. Yash has 1200 shares of Rs 150 each of ‘Honeywell Corporation’ paying 18% dividend. Find his net income after paying.

From the question it is given that,

Number of shares = 1200

Then, nominal value of each share = ₹ 150

So, face value of 1200 shares = ₹ 150 × ₹ 1200

= ₹ 1,80,000

Rate of dividend = 18%

Therefore, total dividend = (1,80,000 × 18)/100

= ₹ 32,400

So, rate of income tax = 8%

Total tax = (8 × 32,400)/100

= ₹ 2,592

Hence, net income = ₹(32,400 – 2,592)

= ₹ 29,808

6. Anu has 750 shares of Rs 60 each of ‘Tata Infotech’ paying 15% dividend. Find her net income after paying 6% income tax.

From the question it is given that,

Number of shares = 750

Then, nominal value of each share = ₹ 60

So, face value of 750 shares = ₹ 60 × ₹ 750

= ₹ 45,000

Rate of dividend = 15%

Therefore, total dividend = (45,000 × 15)/100

= ₹ 6,750

So, rate of income tax = 6%

Total tax = (6 ×6,750)/100

= ₹ 405

Hence, net income = ₹(6,750 – 405)

= ₹ 6,345

7. Mahesh bought 600 shares of Rs 50 each of ‘Excel Computers’. He sold one third of them when they were at a premium of Rs 20 and the remaining when they were at a discount of Rs 5. Find his gain or loss in the transaction.

From the question it is given that,

Number of shares = 600

Then, nominal value of each share = ₹ 50

So, investment by Mahesh = ₹ (50 × 600)

= ₹ 30,000

Mahesh sold shares at premium = (1/3) × 600

= 200

Market value of a share with premium = ₹ (50 + 20) = ₹ 70

Then, value of 200 shares = ₹ (70 × 200)

= ₹ 14,000

Shares sold at discount = 600 – 200 = ₹ 400

Then, market value of a share with discount = ₹ 50 – ₹ 5 = ₹ 45

Value of 400 shares = ₹ (45 × 400)

= ₹ 18,000

By adding value of 200 shares and value of 400 shares we get the total money received by selling his shares,

= 14,000 + 18,000

= ₹ 32,000

Difference in selling price and cost price = ₹ (32,000 – 30,000)

= ₹ 2,000

Therefore, Mahesh gained ₹ 2,000.

8. Divya invested Rs 50,000 in buying shares of Rs 125 each of ‘Hitech Technologies’. She sold half of them when they were at a premium of 24% and the remaining half when they were at a discount of 20%. Find her gain or loss in the transaction.

From the question it is given that,

Divya invested ₹ 50,000

Then, nominal value of each share = ₹ 125

Number of shares purchased by Divya = 50,000/125

= 400

Divya sold shares at premium = ₹ 200

Market value of a share with premium = ₹ (125 + 24% of ₹ 125)

= 125 + 30

= ₹ 155

Then, value of 200 shares = ₹ (155× 200)

= ₹ 31,000 … (i)

Shares sold at discount = ₹ 200

Then, market value of a share with discount = ₹ (125 – 20% of ₹ 125)

= ₹ 125 – ₹ 25

= ₹ 100

Value of 200 shares = ₹ (100 × 200)

= ₹ 20,000 …(ii)

By adding i and ii we get the total money received by selling her shares,

= 31,000 + 20,000

= ₹ 51,000

Therefore, Divya gained ₹ 1,000.

9. Ashutosh invested Rs 58,500 in buying shares of Rs 150 each of ‘Van Chemicals’, when it was available in the market at a premium of 30%. He sells one third of them at a market rate of Rs 215, one third of them at a market rate of Rs 195 and the rest at Rs 175. Find his loss or gain from the transaction.

From the question it is given that,

Ashutosh invested ₹ 58,500

Then, price at which Ashutosh purchased one share = ₹ (150 + 30% of ₹150)

= ₹ (150 + 45)

= ₹ 195

So, number of shares purchased by Ashutosh = 58,500/195

= 300

Shares sold at ₹215 = 1/3 × 300

= 100

Then, Selling price of 100 shares at ₹ 215

= ₹ 100 × ₹ 215

= ₹ 21,500 … (1)

Now, shares sold at ₹ 195 = 195 × 100

= ₹ 19,500 …(2)

Selling price of 100 shares at ₹ 175 = 100 × 175

= ₹ 17,500 …(3)

By adding 1, 2 and 3 we get the total money received by selling his shares,

= 21,500 + 19,500 + 17,500

= ₹ 58,500

So, Difference in selling price and cost price = ₹ (58,500 – 58,500)

= ₹ 0

Therefore, Ashutosh sold his shares at no loss or gain.

10. Saurav invested 10%, 30% and 40% of his savings in buying shares of 3 different companies A, B and C which declared dividends of 12%, 15% and 16% respectively. If Saurav’s total income from dividends is Rs 3,025, find his savings and the amount invested in each company.

Let us assume the total savings be y.

From the question it is given that,

Saurav invested 10%, 30% and 40% of his savings in buying shares of 3 different companies A, B and C.

Companies A, B and C which declared dividends of 12%, 15% and 16% respectively.

Then,

Investment in company A = 10 % of y = (10/100) × y

= y/10

Investment in company B = 30 % of y = (30/100) × y

= (3/10) × y

= 3y/10

Investment in company C = 40 % of y = (40/100) × y

= 4/10 × y

= 2y/5

Now,

Dividend given by company A = 12% of y/10

= (12 × y)/(100 × 10)

= 0.012y …(1)

Dividend given by company B = 15% of 3y/10

= (15 × 3y)/(100 × 10)

= 0.045y …(2)

Dividend given by company C = 16% of 2y/5

= (16 × 2y)/(100 × 5)

= 0.064y …(3)

Given, sum of 1, 2 and 3 is equal to ₹ 3,025

So, 1 + 2 + 3 = ₹ 3,025

⇒ 0.012y + 0.045y + 0.064y = ₹ 3,025

⇒ y (0.012 + 0.045 + 0.064) = ₹ 3,025

⇒ 0.121y = ₹ 3,025

⇒ y = ₹ 3,025/0.121

⇒ y = ₹ 25,000

Therefore, Saurav’s savings = ₹ 25,000

Investment in company A = (y/10) = 25,000/10

= ₹ 2,500

Investment in company B = (3y/10) = 75,000/10

= ₹ 7,500

Investment in company C = (2y/10) = 50,000/5

= ₹ 10,000

11. Akanksha invested 15%, 25% and 35% of her savings in buying shares of ‘Infosys’, ‘Wipro’ and ‘Reliance’ which declared dividends of 16%, 18% and 20% respectively. If her total income from dividends is Rs 52,125, find her savings and the amount invested in each company.

Let us assume the total savings be y.

From the question it is given that,

Akanksha invested 15%, 25% and 35% of her savings in buying shares of ‘Infosys’, ‘Wipro’ and ‘Reliance’.

Companies ‘Infosys’, ‘Wipro’ and ‘Reliance’ which declared dividends of 16%, 18% and 20% respectively.

Then,

Investment in ‘Infosys’ company = 15 % of y = (15/100) × y

= (3/20) × y

= 3y/20

Investment in ‘Wipro’ company = 25 % of y = (25/100) × y

= y/4

Investment in ‘Reliance’ company = 35 % of y = (35/100) × y

= 7/20 × y

= 7y/20

Now,

Dividend given by ‘Infosys’ company = 16% of 3y/20

= (16 × 3y)/(100 × 20)

= 0.024y …(1)

Dividend given by ‘Wipro’ company = 18% of y/4

= (18 × y)/(100 × 4)

= 0.045y … 

Dividend given by ‘Reliance’ company = 20% of 7y/20

= (20 × 7y)/(100 × 20)

= 0.07y …(3)

Given, sum of 1, 2 and 3 is equal to ₹ 52,125

So, 1 + 2 + 3 = ₹ 52,125

0.024y + 0.045y + 0.07y = ₹ 52,125

y (0.024 + 0.045 + 0.07) = ₹ 52,125

0.139y = ₹ 52,125

y = ₹ 52,125/0.139

y = ₹ 3,75,000

Therefore, Akanksha’s savings = ₹ 3,75,000

Investment in ‘Infosys’ company = (3y/20) = (3 × 3,75,000)/10

= ₹ 56,250

Investment in ‘Wipro’ company = (y/4) = (3,75,000)/4

= ₹ 93,750

Investment in ‘Reliance’ company = (7y/20) = (7 × 3,75,000)/20

= ₹ 1,31,250

12. Tarun invested Rs 24,000 and Rs 30,000 in buying Rs 100 at par shares of ‘Vam Organics’ and ‘Hero Honda’ which later declared dividend of 12% and 15% respectively. After collecting the dividends Tarun sold the shares as their prices had fallen by Rs 5 and Rs 10 respectively. Find Tarun’s earnings from the above transactions.

From the question it is given that,

Tarun invested ₹ 24,000 and ₹ 30,000 in buying ₹ 100 at par shares of ‘Vam Organics’ and ‘Hero Honda’.

Then, total investment = ₹ 24,000 + ₹ 30,000 = ₹ 54,000

So, number of shares of ‘Vam Organics’ = money invested/cost of one share

= 24,000/100

= 240

Number of shares of ‘Hero Honda’ = money invested/cost of one share

= 30,000/100

= 300

Now, dividend given by ‘Vam Organics’ = 12% = (12 × 24,000)/100 = ₹ 2,880

Dividend given by ‘Hero Honda’ = 15% = (15 × 30,000)/100 = ₹ 4,500

Then, total dividend earned = ₹ 2,880 + ₹ 4,500

= ₹ 7,380

So, money earned by selling shares of ‘Vam Organics’ = ₹ 95 × ₹ 240

= ₹ 22,800

Money earned by selling shares of ‘Hero Honda’ = ₹ 90 × ₹ 300

= ₹ 27,000

Therefore, total money earned by selling shares = ₹ 22,800 + ₹ 27,000

= ₹ 49,800

Hence, total earnings = money earned by selling shares + dividends earned

= ₹ 49,800 + ₹ 7,380

= ₹ 57,180

Tarun’s earnings from the transactions = ₹ 57,180 – ₹ 54,000

= ₹ 3,180

13. Bhavana invested Rs 20,000 and Rs 25,000 in buying shares of ‘Bharati Telecom’ and ‘Satyam Infoways’ which later declared dividend of 10% and 12.5% respectively. After collecting the dividends Bhavana sells all her shares at a loss of 4% and 5% respectively on her investments. Find her total earnings.

From the question it is given that,

Bhavana invested ₹ 20,000 and ₹ 25,000 in buying of ‘Bharati Telecom’ and ‘Satyam Infoways’.

Then, ‘Bharati Telecom’ which declared dividend of 10% = (10 × 20,000)/100 = ₹ 2,000

‘Satyam Infoways ‘ which declared dividend of 12.5% = (12.5 × 25,000)/(10 × 100) = ₹3,125

So, money earned by selling shares of ‘Bharati Telecom’ = (20,000 – 4% of ₹ 20,000)

= ₹ 20,000 – 800

= ₹ 19,200

Money earned by selling shares of ‘Satyam Infoways’ = (25,000 – 5% of ₹ 25,000)

= ₹ 25,000 – 1250

= ₹ 23,750

Therefore, total money earned by selling shares = ₹ 19,200 + ₹ 23,750

= ₹ 42,950

Then, total earning = money earned by selling shares + dividends earned

= ₹ (42,950 + 5,125)

= ₹ 48,075

Hence, Bhavana’s earnings from the transaction = ₹ (48,075 – 45,000)

= ₹ 3,075

14. Karan buys 125 shares of Rs 100 each of ‘Reliance Technologies Ltd.’ which pays a dividend of 6%. He buys them at such a price that he gets 4% of his money. At what price did Karan buy the share?

Let us assume that, Karan’s investment be y.

Then, face value of 125 shares = ₹ (100 × 125)

= ₹ 12,500

So, dividend for 125 shares = 6% of 12,500 = (6 × 12,500)/100 = ₹ 750

Karan gets ₹ 750 as dividend which is equal to 4% of money invested = 4y/100 = ₹ 750

4y = ₹ 75,000

⇒ y = 75,000/4

⇒ y = ₹ 18,750

Then, Karan invested ₹ 18,750

Number of shares bought by Karan = 125

Value of a share = ₹ 18,750/125

= ₹ 150

Therefore, Karan bought a share for ₹ 150.

15. Vikram bought 200 shares of Rs 25 each of ‘Calcutta Jute Co.’ paying 8% of dividend. Vikram bought them at such a price that he gets 10% of his money. At what price did he buy the share?

Let us assume that, Vikram’s investment be y.

Then, face value of 200 shares = ₹ (25 × 200)

= ₹ 5,000

So, dividend for 200 shares = 8% of ₹ 5,000 = (8 × 5000)/100 = ₹ 400

Vikram gets ₹ 400 as dividend which is equal to 10% of money invested,

10y/100 = ₹ 400

⇒ 10y = ₹ 40,000

⇒ y = 40,000/10

⇒ y = ₹ 4,000

Then, Vikram invested ₹ 4,000

Number of shares bought by Vikram = 200

Value of a share = ₹ 4,000/200

= ₹ 20

Therefore, Vikram bought a share for ₹ 20.

### Exercise 4.2

1. Saurav invested 10%, 30% and 40% of his savings in buying shares of 3 different companies A, B and C which declared dividends of 12%, 15% and 16% respectively. If Saurav’s total income from dividends in Rs 3,025, find his savings and the amount invested in each company.

Let total savings be x.

2. Akansha invested 15%, 25% and 35% of her savings in buying shares of ‘Infosys’. ‘Wipro’ and ‘Reliance’ which declared dividends of 16%, 18% and 20% respectively. If her total income from dividends is Rs 52,125, find her savings and the amount invested in each company.

Let total saving be x.

3. Tarun invested Rs 24,000 and Rs 30,000 in buying Rs 100 at per shares of ‘Vam Organics’ and ‘Hero Honda’ which later declared dividend of 12% and 15% respectively. After collecting the dividends Tarun sold and Shares as their prices has fallen by Rs 5 and Rs 10 respectively. Find Tarun’s earnings from the above transactions.

Total investment = Rs (24,000 + 30,000) = Rs 54,000

4. Bhavana invested Rs 20,000 and Rs 25,000 in buying shares of ‘Bharati Telecom’ and ‘Satyam Infoways’ which later declared dividend of 10% and 12.5% respectively. After collecting the dividends Bhavana sells all her shares at a loss of 4% and 5% respectively on her investments. Find her total earnings.

Total investment = Rs (20,000 + 25,000) = Rs 45,000

5. Karan buys 125 shares of Rs 100 each of “Reliance Technologies Ltd.’ Which pays a dividend of 6%. He buys them at such a price that he gets 4% of his money. At what price did Karan buy the share?

Let Karan’s investment be x.

6. Vikram bought 200 shares of Rs 25 each of ‘Calcutta Jute Co.’. paying 8% of dividend. Vikram bought them at such a price that he gets 10% of his money. At what price did he buy the share?

Let Vikram’s investment be x.

7. Archana bought 250 shares of Rs 50 each of ‘Indal’ paying 12% of dividend. She bought them at such a price that she gets 15% return on her investment. At what share did she buy the shares?

Let Archana’s investment be x.

8. Which among these is a better investment:

(a) 12% at 125 or 16% at 150

(b) 16% at 80 or 18% at 120

(c) 15% at 180 or 12% at 75

(d) 18% at 120 or 22% at 150

(d) 18% at 120 or 22% at 150

(e) 12.5% at 125 or 7.5% at 80

(a) 12% at 125 or 16% at 150

9. Usha sold 350 shares of Rs 150 each paying 6% dividend at Rs 120 and invested the proceeds in Rs 75 shares at par paying 8% dividend. Calculate the number of Rs 75 shares she bought and the change in her annual income.

In first case:

10. Amitesh had 400 shares of Rs 100 each of ‘Telco’ paying a dividend of 12.5%. He sold then at a market price of Rs 125 and invested the proceeds in Rs 50 shares of ‘Adani Motors’ available in the market at Rs 80 and paying a dividend of 16%. How many shares of Adani Motors did Amitesh buy and what is the change in his annual income?

In first case:

11. Mr Lele sold 250 shares of Rs 75 each of ‘IOCL’ paying 8% of dividend at Rs 112. He invested the Proceeds in buying Rs 125 shares of HPCL paying 8% of dividend available at Rs 140. Calculate the number of shares of HPCL that Mr Lele bought and the change in his annual income.

In first case:

12. Rohit had 1000 shares of Rs 125 each of New Delhi Times’ paying a dividend of 12%. He sold all of them at a market rate of Rs 150 and invested the proceeds in buying Rs 25 shares of BVL available at Rs 60 and paying 20% dividend. How many shares of BVLdis Rohit buy and what is the change in his annual income.

In first case,

13. Mr Lal wants to give a monthly schorship of Rs 225 to a poor student. How many 15%, Rs 100 shares of ‘Mercantile co-operative Bank’ should he purchase to realize his aim? What will be his investment if the market price of the share is Rs 120?

Let x be the no. of shares purchased by Mr. Lal.

14. Gayatri wants to have a monthly income of Rs 500. For this she purchased Rs 75 shares of ‘V.G. Electronic’ paying 20% dividend. How many shares

Let x be the no. of shares purchased by Gayatri.

### Exercise 4.3

1. Ramesh had Rs 100 shares of ‘Bihar Steel’ paying 8% dividend. He sold them at a market price of Rs 130 and invested the proceeds in buying Rs 50 shares of ‘Jindal steel’ available at Rs 75 and paying 12% dividend. He thus increased the annual income by Rs 360. How many shares did Ramesh sell ?

For shares of ‘Bihar Steel’

2. Payal has Rs 125 shares of ‘Asian Chemical’ paying 12% dividend. She sold them at Rs 150 and invested the proceeds in Rs 50 shares of ‘Saras Chemicals’ at Rs 40 and paying 10% dividend. She thus increased her income by 825. Find the number of shares of ‘Asian chemical’ that Payal sold.

For shares of ‘Asian Chemical’

3. Anant has Rs 50 shares of ‘Esco paying 6% dividend. He sold them at a market price of Rs 80 and invested the proceeds in buying Rs 100 shares of ‘Y2K Software’ at Rs 150 and paying 11% dividend. He thus increased his annual income by Rs 2,150. How many shares of ‘Esco’ did he sell?

For shares of ‘Esco’:

4. Kritika wants to invest Rs 10,000 in shares of different companies such that the percentage return on her investment is 8%. She invested Rs 4,500 in 6% Rs 100 shares Rs 75, Rs 2,500 in 8% Rs 100 shares at par and the rest in 16% Rs 100 shares. Find the rate at which she bought the 16% shares.