A man sells 5000 common shares of a Company x (each of par value Rs. 10), which pays a dividend of 20% 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. 40, find the number of shares of Company Y purchased by the man?

A man sells 5000 common shares of a Company x (each of par value Rs. 1

1.	A man sells 5000 common shares of a Company x (each of par value Rs. 10), which pays a dividend of 20% 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. 40, find the number of shares of Company Y purchased by the man?
A.	Rs. 3850
B.	Rs. 3700
C.	Rs. 3750
D.	Rs. 3800
Answer» D. Rs. 3800