Mathematics
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.
Related Questions
Ashish bought 4,500, ₹ 10 shares paying 12% per annum. He sold them when the price rose to ₹ 23 and invested proceeds in ₹ 25 shares paying 10% per annum at ₹ 18. Find the change in his annual income.
Amit owns 1500, ₹ 25 shares of a company which declares a dividend of 14%. He sells the shares at ₹ 40 each and invests the proceeds in 8%, ₹ 100 shares at ₹ 80. What is the change in his annual dividend income ?
₹100 shares of a company giving 10% dividend are selling at ₹150. Mr. Saha invests ₹ 18,000 to buy these shares. He sells 80% of his shares after one year. Find :
(a) the number of shares he purchased.
(b) the number of shares he sold.
(c) his annual income from the remaining 20% shares he still holds.
Deepak invested in ₹ 25 shares of a company paying 12% dividend. If he received 10% on his investment, at what price did he buy each share?