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Aptitude
41.
The shares of a company of par value Rs. 10 each, are availale at 20% premium. Find the amount paid by the buyer who wants to buy 2500 shares. What would be the gain of the buyer if he sells those shares at the rate of Rs. 20 per share?
  • A.
    Rs. 25000
  • C.
    Rs. 20000
  • B.
    Rs. 30000
  • D.
    Rs. 22000
  • Answer & Explanation
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Answer : [C]
Explanation :
 
Par value of a share = Rs. 10
 
Market value of share = Rs.   10 x
120
100
   = Rs. 12  
 
The amount to be paid by the buyer to purchase 2500 shares = Rs. (2500 x 12) = Rs. 30000
 
Gain of the shareholder on selling one share = Rs. (20 – 12) = Rs. 8
 
 
  Gain from selling 2500 shares = Rs. (2500 x 8) = Rs. 20000.  
 
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42.
A 9% stock yields 8%. The market value of the stock is:
  • A.
    Rs. 72
  • C.
    Rs. 112.50
  • B.
    Rs. 92
  • D.
    Rs. 116.50
  • Answer & Explanation
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Answer : [C]
Explanation :
 
To obtain Rs. 8, investment = Rs. 100.
 
To obtain Rs. 9, investment = Rs.  
100
8
x 9    = Rs. 112.50  
 
 
  Market value of Rs. 100 stock = Rs. 112.50  
 
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43.
A medicine company issued 125000 shares of par value Rs. 20 each. If the total dividend declared by the company is Rs. 375000, find the rate of divided paid by the company.
  • A.
    15%
  • C.
    10%
  • B.
    13%
  • D.
    14%
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Number of shares = 125000
 
Par value of a share = Rs. 20
 
 
  Total par value of 125000 shares = Rs. (1250000 x 20) = Rs. 2500000  
 
Total dividend = Rs. 375000
 
 
  Rate of dividend paid by the company =  
375000
2500000
x 100   % = 15%  
 
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44.
Ram invested Rs. 88008 in 9
1
2
 % Stock at 112 (Brokerage: Rs. 2) Find annual income of Ram  
from this investment.
  • A.
    Rs. 6334
  • C.
    Rs. 7334
  • B.
    Rs. 6874
  • D.
    Rs. 6534
  • Answer & Explanation
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Answer : [C]
Explanation :
 
Market value of Rs. 100 stock = Rs. (112 + 2) = Rs. 114
 
Income on Rs. 114 = Rs. 9
1
2
   
 
 
  Income on Rs. 88008 = Rs.
19
2
x
1
114
 x 88008    
 
  = Rs. 7334.    
 
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45.
A person invest Rs. 28500 in 5% stock at 95. He sold Rs. 15000 stock when the price rose to Rs. 98 and sold the remaining stock when the market value of the stock fell to Rs. 90.How much does he gain or loss in the transaction?
  • A.
    Gain = Rs. 300
  • C.
    Gain = Rs. 400
  • B.
    Loss = Rs. 300
  • D.
    Loss = Rs. 400
  • Answer & Explanation
  • Report
Answer : [B]
Explanation :
 
Stock purchased by investing Rs. 28500 in 5% stock at 95 = Rs.  
100
95
x 28500    = Rs. 30000  
 
Money realised by selling Rs. 15000 stock market value of Rs. 98 = Rs.  
98
100
x 15000    = Rs. 14700  
 
Remaining stock = Rs. (30000 – 15000) = Rs. 15000
 
Money realised by selling Rs. 15000 stock at Rs. 90 = Rs.  
90
100
x 15000    = Rs. 13500  
 
 
  Total money realised = Rs. (14700 + 13500) = Rs. 28200  
 
Money invested = Rs. 28500
 
 
  Loss = Rs. (28500 – 28200) = Rs. 300.  
 
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