ICSE Class X Math 2015 Paper

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

Question : 37 of 52

Marks: +1, -0

sale proceeds.

Solution:

\; \text{ Sale proceed } \;\; = 80 \times 160

\; = \text{₹}\,12,800

For 2nd type,

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

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