Aptitude - Stocks and Shares - Discussion
Discussion Forum : 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?
Answer: Option
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.
Discussion:
8 comments Page 1 of 1.
Naved said:
1 decade ago
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.
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.
VENKATESH said:
1 decade ago
@SELVA.
Dividend per annum is nothing but income per year.
Sometimes it may be profit or loss based on market value.
Dividend per annum is nothing but income per year.
Sometimes it may be profit or loss based on market value.
AbRocks said:
9 years ago
Please, can anyone help more specifically by explaining the solution?
Vinay said:
1 decade ago
How it happen... Means 12/125 and what is the meaning of dividend ?
Shikha said:
3 years ago
Anyone, please explain the solution clearly to understand.
Varshika said:
7 years ago
How it will come?
5x+72000-6x Please explain this step.
5x+72000-6x Please explain this step.
Selva said:
1 decade ago
What is the meaning dividend per annum?
Gajaendhiran said:
1 decade ago
Any one explain please?
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