Aptitude - Stocks and Shares - Discussion

Discussion :: Stocks and Shares - General Questions (Q.No.15)

15.

Sakshi invests a part of Rs. 12,000 in 12% stock at Rs. 120 and the remainder in 15% stock at Rs. 125. If his total dividend per annum is Rs. 1360, how much does he invest in 12% stock at Rs. 120?

 [A]. Rs. 4000 [B]. Rs. 4500 [C]. Rs. 5500 [D]. Rs. 6000

Explanation:

Let investment in 12% stock be Rs. x.

Then, investment in 15% stock = Rs. (12000 - x).

 12 x x + 15 x (12000 - x) = 1360. 120 125

 x + 3 (12000 - x) = 1360. 10 25

5x + 72000 - 6x = 1360 x 50

x = 4000.

 Vinay said: (Jul 8, 2011) How it happen... Means 12/125 and what is the meaning of dividend ?

 Selva said: (Oct 15, 2011) What is the meaning dividend per annum?

 Venkatesh said: (May 24, 2012) @SELVA. Dividend per annum is nothing but income per year. Sometimes it may be profit or loss based on market value.

 Gajaendhiran said: (Apr 1, 2015) Any one explain please?

 Naved said: (Apr 25, 2015) Let Sakshi invests Rs. x in 12% stock. And she invests (12000-x) in 15% stock. Assume that face value of both stocks are Rs. 100 as it is not given. Hence, dividend per share in 1st case is Rs. 12. And dividend per share in 2nd case is Rs. 15. Number of 12% shares she can purchase with Rs. x = x/120. Total dividend from 12% shares = (x*12)/120. Number of 15% shares she can purchase with Rs. (12000-x) = (12000-x)/125. Total dividend from 15% shares = (12000^\x)*15/125. Total dividend = Rs. 1360. x*12/120+(12000^\'x)*15/125 = 1360. Solving you will get. x = 4000.

 Abrocks said: (Jul 14, 2016) Please, can anyone help more specifically by explaining the solution?

 Varshika said: (Jan 18, 2019) How it will come? 5x+72000-6x Please explain this step.