#### A man invested Rs. 45000 in 15% Rs. 100 shares quoted at Rs. 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8400. Calculate :

(i) the number of shares he still holds. (2004)

(ii) the dividend due to him on these shares.

**Solution:**

Investment on shares = Rs. 45000

Face value of each share = Rs. 125

#### A company pays a dividend of 15% on its ten-rupee shares from which it deducts tax at the rate of 22%. Find the annual income of a man, who owns one thousand shares of this company.

**Solution:**

No. of shares = 1000

Face value of each are = Rs. 10

Rate of dividend = 15%,

Rate of tax deducted = 22%

Total face value of 1000 shares = Rs. 10 × 1000 = Rs. 10000

Total dividend = Rs 10000 x

= Rs 1500

Tax deducted at the rate of 22 %