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 : 38 of 52

Marks: +1, -0

new number of shares.

Solution:

New No. of Shares

=\frac{12,800}{40}=320

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