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Question
Find the cost of 60 shares of ₹ 50 each quoted at ₹ 54. Find also the gain to the original shareholder.
Sum
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Solution
Given:
Number of shares = 60
Par value per share = ₹ 50
Market price (quoted price) = ₹ 54
Total cost:
= 60 × ₹ 54
= ₹ 3240
Gain per share:
= ₹ 54 − ₹ 50
= ₹ 4
Total gain:
= 60 × ₹ 4
= ₹ 240
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