Vimal sold a certain number of ₹ 20 shares paying 8% dividend at ₹ 18 and invested the proceeds in ₹ 10 shares paying 12% dividend at 50% premium (i.e. ₹ 15). If his annual income decreases by ₹ 120, find the number of shares sold by Vimal.

A company declares 8% dividend on ₹ 100 shares. Atul buys such shares and gets 10% return on his investment. At what price does he buy each share?

At what price should a 10%, ₹ 25 share be quoted when money is worth 8%?

How much should a man invest in ₹ 25 shares selling at ₹ 36 to obtain annual income of ₹ 1,500, if dividend declared is 12% ?