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21.
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
  • C.
    Rs. 5500
  • B.
    Rs. 45000
  • D.
    Rs. 6000
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Let investment in 12% stock be Rs. x
 
Then, investment in 15% stock = Rs. (12000 – x)
 
 
12
120
x x +
15
125
 x (12000 - x) = 1360  
 
 
 
x
10
+
3
25
 (12000 - x) = 1360  
 
 
  5x + 72000 – 6x = 1360 x 50  
 
 
  x = 4000  
 
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22.
The capital of a company is made up of 50000 preferred shares with dividend of 20% and 20000 common shares, the par value of each type of share being Rs. 10. The company has a total profit of Rs. 180000 out of which Rs. 30000 were kept in reverse fund and the remaining distributed to shareholders. Find the dividend percent to the common shareholders.
  • A.
    Rs. 24%
  • C.
    Rs. 25%
  • B.
    Rs. 20%
  • D.
    Rs. 30%
  • Answer & Explanation
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Answer : [C]
Explanation :
 
The total profit of the company = Rs. 180000
 
Amount kept in reverse fund = Rs. 30000
 
 
  Net amount paid as dividend to shareholders = Rs. (180000 – 30000) = Rs. 150000  
 
Dividend paid by the company on 50000 preferred shares = Rs.   50000 x
10 x 20
10
   = Rs. 100000  
 
 
  Dividend to be paid to common shareholders = Rs. (150000 – 100000) = Rs. 50000  
 
Thus, dividend paid on a common share =  
50000
20000
   = Rs. 2.50  
 
Hence, dividend percent paid on a common share = Rs.  
2.50
10
 x 100   % = 25%  
 
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23.
A man bought 20 shares of Rs. 50 at 5 discount, the rate of discount being 4
3
4
 %. The rate    
of interest obtained is
  • A.
    4    		 3 %  
    4  
  • C.
    5.28%
  • B.
    3    		 1 %  
    4  
  • D.
    4.95%
  • Answer & Explanation
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Answer : [C]
Explanation :
 
Face value = Rs (50 x 20) = Rs. 1000
 
Dividend = Rs.  
1000 x 19
4 x 100
   = Rs.  
95
2
     
 
Investment = Rs. (45 x 20) = Rs. 900
 
Rate = Rs.  
95 x 100
2 x 900
   = 5.28%    
 
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24.
A company declared an annual dividend of 10%. Find the annual dividend of Ram owing 1500 shares of the company of per value Rs. 10 each.
  • A.
    Rs. 1400
  • C.
    Rs. 1700
  • B.
    Rs. 1500
  • D.
    Rs. 1600
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Annual divided on one share = 10% of Rs. 10
 
= Rs.   10 x
10
100
   = Re. 1  
 
Annual divided of Ram owing 1500 shares = (1500 x 1) = Rs. 1500
 
Alternatively, we could have found the total par value of 1500 shares first and then find dividend at 10% of  its as shown below:
 
Total par value of 1500 shares = Rs. (1500 x 10) = Rs. 15000
 
 
  Total annual dividend of Ram =   15000 x
10
100
   = Rs. 1500  
 
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25.
What investment will be required to purchase Rs. 90000 of 8% stock a 110?
  • A.
    Rs. 88000
  • C.
    Rs. 88500
  • B.
    Rs. 99000
  • D.
    Rs. 9950
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Market value of Rs. 100 stock = Rs. 110
 
 
  Market value of Rs. 90000 stock = Rs.  
110
100
 x 90000    = 99000  
 
 
  An investment of Rs. 99000 is required to purchase Rs. 90000 of 8% stock at 110.  
 
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