A man sold 600 (Rs 25) shares paying 6½% dividend at Rs 22 and invested the sale proceeds in Rs 10 shares, paying 9% at Rs 12. What was his annual income at 9%?

Rs 990

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Rs 998

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Rs 995

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Rs 890

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Solution

The correct option is A
Rs 990

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Q. A man sold 400 (Rs.20) shares of a company, paying 5% at Rs.18 and invested the proceeds in (Rs.10) shares of another company paying 7% at Rs.12. How many (Rs.10) shares did he buy and what was the change in his income ?

A man sold 400 (Rs 20) shares of a company, paying 5% at Rs 18 and invested the proceeds in (Rs 10) shares of another company paying 7% at Rs 12. How many (Rs 10) shares did he buy and was the change in his income ?

Jash sold a certain number of shares of Rs 20 paying 8% dividend at Rs 18 and invested the proceeds in Rs 10 shares, paying 12% dividend at 50% premium. If the change in his annual income is Rs 120, find the number of shares sold by him.

the :

Original number of shares.
Sale proceeds.

Yashraj invested Rs 7000 in 8% shares of Rs 50 at Rs 70. After 1 year he sold them at Rs 65 each and invested proceeds (including dividend) in Rs 100 shares at Rs 92 paying 12% calculate change in his income.

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A man sold 600 (Rs 25) shares paying 6½% dividend at Rs 22 and invested the sale proceeds in Rs 10 shares, paying 9% at Rs 12. What was his annual income at 9%?

The correct option is A Rs 990

The correct option is A
Rs 990