Q. 53.6( 59 Votes )

Mr. D'souza purch

Answer :

Given:

Number of shares Mr. D’souza purchased = 200

FV = Rs. 50

Premium = Rs. 100

We know that if MV > FV, then the share is at premium.

∴ MV = FV + Premium

⇒ MV = 50 + 100 = Rs. 150

Value of 200 shares = 200 × 150 = Rs 30,000

We know that dividend per share =

∴ Dividend per share =

= Rs. 25

∴ Total dividend received = 200 × 25 = Rs. 5000

100 shares sold at discount of Rs 10.

∴ Selling price of 100 shares = 100 × (50-10)

                                              = 100 × 40

                                             = Rs 4000

Amount received on selling 100 shares = selling price – brokerage

                                                              = 4000 – 20

                                                             = Rs 3980  

Another 100 shares were sold at a premium of Rs. 75.

∴ MV = FV + Premium

⇒ MV = 50 + 75 = Rs. 125

Selling price of 100 shares = 100× 125

                                           = Rs 12500

Amount received on selling 100 shares = selling price – brokerage

                                                              = 12500 – 20

                                                             = Rs 12480 

Total amount = 5000 + 3980 + 12480

                           = Rs 21460

Investment = 30,000

Loss = Investment – amount on selling the shares

         = 30,000 – 21460

        = Rs 8560

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