Subject: General Aptitude · Chapter: Stocks and Shares · Exam: · Marks: · Difficulty:
Chinmay invested 25%, 30% and 20% of his savings in buying shares of three different companies P, Q and R which declared dividends 10%, 12% and 15% respectively. If his total income on account of dividends be ` 5460, find the amount he invested in buying shares of the company Q.
Answer
Answer (as printed):
Explanation
Let Chinmay’s savings be ` x. Then, amount invested in shares of company P = 25% of ` x; amount invested in shares of company Q = 30% of ` x; amount invested in shares of company R = 20% of ` x. Total income = ` (10% of 25% of x + 12% of 30% of x + 15% of 20% of x) 250 360 300 910 = ` x+ x+ x = ` x. 10000 10000 10000 10000 910 x 5460 × 10000 \ = 5460 ⇒ x = = 60000. 10000 910 Hence, amount invested in shares of company Q = 30% of ` 60000 = ` 18000. 1
Explanation as extracted from the printed page; notation may be imperfect.