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ICSE Class X Math 2015 Paper

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Rohit invested ₹ 9,600\text{₹ 9,600} on ₹ 100 shares at ₹ 20 premium paying 8%8\% dividend. Rohit sold the shares when the price rose to ₹ 160\text{₹ 160}. He invested the proceeds (excluding dividend) in 10%₹ 5010\% \text{₹ 50} shares at ₹ 40\text{₹ 40}. Find the :
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Question : 36 of 52
Marks: +1, -0
original number of shares.
Solution:  
Given : Investment =₹ 9,600=\text{₹}\,9,600 , N.V. =₹ 100=\text{₹}\,100 , M.V. == ₹ 120, Div. =8%=8\%
   No. of shares     =     Sum investment      MV of 1 Share   \;\text{ No. of shares }\;\;=\;\frac{\;\text{ Sum investment }\;}{\;\text{ MV of 1 Share }\;}
    =  9,600120=80\;\;=\;\frac{9,600}{120}=80
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