Question

Mr. Jagadishprasad invest a sum of Rs. 75,000 in shares of face value 100 at Rs. 125 market value, then how many shares were purchased?

Answer 1

Given:

Sum invested = Rs. 75,000

Market value (price) per share = Rs. 125

(Face value Rs. 100 not needed to find number of shares)

Step-wise calculation:

1. Number of shares = Total investment ÷ Market value per share.

2. Number of shares = 75,000 ÷ 125

= 600   ...(Since 125 × 600 = 75,000)

Mr. Jagadishprasad purchased 600 shares.