A man sells 4000 common shares of a Company x (each of par value Rs. 10), which pays a dividend of 40% at Rs. 30 per share. He invests the sale proceeds in ordinary shares of Company Y (each of par value Rs. 25) that pays a dividend of 15%. If the market value of Company Y is Rs. 15, find the number of shares of Company Y purchased by the man  Choose the correct choice from the following options
A) 4000  B) 8000  C) 3000  D) 6000  E) 5000
Just too much information is given in the question to confuse. This is a straight and simple question   Market Value of Company X (his selling price) = Rs.30   Total shares sold = 4000   Amount he gets = Rs.(4000 × 30)   He invests this amount in ordinary shares of Company Y   Market Value of Company Y(His purchasing price) = 15   Number of shares of company Y which he purchases = 4000×30/15=8000   Answer is 8000.
<result>B</result>
A man sells 4000 common shares of a Company x (each of par value Rs. 10), which pays a dividend of 40% at Rs. 30 per share. He invests the sale proceeds in ordinary shares of Company Y (each of par value Rs. 25) that pays a dividend of 15%. If the market value of Company Y is Rs. 15, find the number of shares of Company Y purchased by the man