Peter invests Rs. 5,625 in a company paying 7% per annum when a share of Rs. 10 stands from Rs. 12.50. Find Peter’* income from this investment.
If he sells 60% of these shares from Rs. 10 each, find his gain or loss in this transaction.
(ii)
No. of shares sold = 60% of 450 = 270
Sale price of 270 shares = Rs10 × 270 = Rs. 2,700
Purchase price of 270 shares= Rs12.50 × 70 = Rs. 3,375
His loss = Rs. 3,375 – Rs. 2,700 = Rs. 675 Ans.
