Rs. 60,000 is invested in buying Rs. 120 shares of a company which are available at a premium of 25%. Find the number of shares bought and the annual rate of return on the investment, if dividend is paid at the rate of 10% per annum.
Answered Feb 05, 2023
Correct Answer - 400; 8%
Correct Answer - Share Capital-Rs. 21,00,000.
Correct Answer - Balance Sheet Total-Rs. 5,49,700.
Correct Answer - Amount received on allotment-Rs. 2,05,800.
Correct Answer - Rs.50
Correct Answer - Rs.6750; `7.11%`
Correct Answer - Rs.135; 200
Correct Answer - Rs.48,000
Correct Answer - Rs.10
Correct Answer - `6.4 %`
Correct Answer - 90; Rs. 1215
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