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.
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%?
Mr Sharma has 60 shares of N.V. Rs 100 and sells them when they are at a premium of 60 %. He invests the proceeds in shares of nominal value Rs 50, quoted at 4% discount, and paying 18% dividend annually. Calculate :
(i) the sale proceeds;
(ii) the number of shares he buys; and
(iii) his annual dividend from the shares.