Unit-14 Commercial Mathematics
In this unit you will learn about profit and loss, various taxes, shares and debentures.
A man holds 100 shares of a company at par value Rs.600 each on which the paid dividend is 6%. When the shares rise to Rs.800, the person sells them and invests half the sale proceeds in 8% debentures of par value Rs.200 each and other half of the sale proceeds in 10% stock at Rs.250 each. Find the change in his income?