A man invested Rs. 260000 in 5% stock at 104. | vedclass

Name: Exam Paper Generator | JEE NEET Paper Generator | Vedclass
Brand: Vedclass
Rating: 5 (35 reviews)

Question

(C) Income on the first stock $= Rs. \left(\frac{5}{104} 	imes 260000ight) = Rs. 12500$.Money realized by selling the stock when the price rose to

Vedclass · Accepted Answer

$125$

Vedclass · Answer

(C) Income on the first stock $= Rs. \left(\frac{5}{104} 	imes 260000ight) = Rs. 12500$.Money realized by selling the stock when the price rose to $Rs. 125$:$= Rs. \left(\frac{125}{104} 	imes 260000ight) = Rs. 312500$.Income on the second stock is $Rs. 2500$ more than the first stock.Therefore,income on the second stock $= Rs. (12500 + 2500) = Rs. 15000$.Let $Rs. x$ be the market value of the second stock.Therefore,$\frac{312500 	imes 6}{x} = 15000$.$x = \frac{312500 	imes 6}{15000} = 125$.Thus,the man purchased the second stock at $Rs. 125$.

$A$ man invested $Rs. 260000$ in $5\%$ stock at $104$. He sold the stock when the price rose to $Rs. 125$ and invested the sale proceeds in $6\%$ stock. By doing this,his income increased by $Rs. 2500$. At what price did he purchase the second stock? (in $Rs.$)

Similar Questions

Ram invested $Rs.\, 88008$ in $9 \frac{1}{2} \%$ stock at $112$ (Brokerage: $Rs.\, 2$). Find out the annual income of Ram from this investment (in $Rs.$).

$A$ man bought $20$ shares of $Rs. 100$ at $4$ discount,the rate of dividend being $12 \%$. The rate of interest obtained is (in $\%$):

Sushma invested $Rs.\, 245000$ in $7\%$ stock at $98$ and sold the stock when its price rose to $Rs.\, 100$. She invested the sale proceeds in $9\%$ stock at $125$. Find out the change in income of Sushma. (in $Rs.$)

$A$ man invested $Rs. 50490$ in $5\%$ stock at $99$ and sold it when the price rose to $Rs. 102$. He invested the sale proceeds in $8\%$ stock at $96$. Find out the change in the man's income (Brokerage: $Rs. 3$).

Find the annual dividend received by Nishita from $1200$ preferred shares and $3000$ common shares,both of par value $Rs. 50$ each,if the dividend paid on preferred shares is $10 \%$ and a semi-annual dividend of $3 \frac{1}{2} \%$ is declared on common shares. (in $Rs.$)

Vedclass Test Series

Exam Paper Generator

Online Exam Module