Q24 Sachin invests Rs 8500 in 10% Rs 100 shares at Rs 170. He sells the shares when the price of each share rises by Rs 30. He invests the proceeds in 12% Rs 100 shares at Rs 125. Find
(i) the sale proceeds.
(ii) the number of Rs 125 shares he buys.
(iii) the change in his annual income.

Solution