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Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income?
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Ramesh sold 2000 shares of a company X of face value rs 100 each payin...
Given information:
- Number of shares of company X sold by Ramesh = 2000
- Face value of shares of company X = Rs 100
- Dividend paid by company X = 12%
- Selling price of shares of company X = Rs 126
- Face value of shares of company Y = Rs 25
- Selling price of shares of company Y = Rs 30
- Dividend paid by company Y = 20%
Step 1: Calculate the total dividend income from company X:
- Dividend income per share of company X = Face value of shares of company X * Dividend percentage = Rs 100 * 12/100 = Rs 12
- Total dividend income from company X = Dividend income per share of company X * Number of shares sold = Rs 12 * 2000 = Rs 24000
Step 2: Calculate the number of shares of company Y purchased:
- Cost per share of company Y = Selling price of shares of company X / Face value of shares of company Y = Rs 30 / Rs 25 = Rs 1.2
- Number of shares of company Y purchased = Total dividend income from company X / Cost per share of company Y = Rs 24000 / Rs 1.2 = 20000
Step 3: Calculate the changed dividend income:
- Dividend income per share of company Y = Face value of shares of company Y * Dividend percentage = Rs 25 * 20/100 = Rs 5
- Total dividend income from company Y = Dividend income per share of company Y * Number of shares purchased = Rs 5 * 20000 = Rs 100000
Step 4: Calculate the change in dividend income:
- Change in dividend income = Total dividend income from company Y - Total dividend income from company X = Rs 100000 - Rs 24000 = Rs 76000
Conclusion:
Ramesh purchased 20000 shares of company Y using the proceeds from selling 2000 shares of company X. The dividend income has changed from Rs 24000 to Rs 100000, resulting in an increase of Rs 76000.
- Number of shares of company X sold by Ramesh = 2000
- Face value of shares of company X = Rs 100
- Dividend paid by company X = 12%
- Selling price of shares of company X = Rs 126
- Face value of shares of company Y = Rs 25
- Selling price of shares of company Y = Rs 30
- Dividend paid by company Y = 20%
Step 1: Calculate the total dividend income from company X:
- Dividend income per share of company X = Face value of shares of company X * Dividend percentage = Rs 100 * 12/100 = Rs 12
- Total dividend income from company X = Dividend income per share of company X * Number of shares sold = Rs 12 * 2000 = Rs 24000
Step 2: Calculate the number of shares of company Y purchased:
- Cost per share of company Y = Selling price of shares of company X / Face value of shares of company Y = Rs 30 / Rs 25 = Rs 1.2
- Number of shares of company Y purchased = Total dividend income from company X / Cost per share of company Y = Rs 24000 / Rs 1.2 = 20000
Step 3: Calculate the changed dividend income:
- Dividend income per share of company Y = Face value of shares of company Y * Dividend percentage = Rs 25 * 20/100 = Rs 5
- Total dividend income from company Y = Dividend income per share of company Y * Number of shares purchased = Rs 5 * 20000 = Rs 100000
Step 4: Calculate the change in dividend income:
- Change in dividend income = Total dividend income from company Y - Total dividend income from company X = Rs 100000 - Rs 24000 = Rs 76000
Conclusion:
Ramesh purchased 20000 shares of company Y using the proceeds from selling 2000 shares of company X. The dividend income has changed from Rs 24000 to Rs 100000, resulting in an increase of Rs 76000.
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Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income?
Question Description
Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income?.
Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income?.
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Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income?, a detailed solution for Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? has been provided alongside types of Ramesh sold 2000 shares of a company X of face value rs 100 each paying a dividend of 12% at rs 126. He invested the process in another company Y shares of face value rs 25 at rs 30 each, giving a dividend of 20% . Find the number of shares of the company Y purchased by Ramesh . Find the changed in the dividend income? theory, EduRev gives you an
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