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How much money will be required to buy 200, Rs. 25 shares at a premium of Rs. 2?

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Question

How much money will be required to buy 200, Rs. 25 shares at a premium of Rs. 2?

Sum
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Solution

Nominal value of 1 share = Rs. 25

Market value of 1 share

= Rs. 25 + Rs. 2

= Rs. 27

No. of shares purchased = 200

Money required to buy 200 shares

= Rs. 27 × 200

= Rs. 5,400

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Chapter 3: Shares and dividends - Exercise 3A [Page 37]

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Nootan Mathematics [English] Class 10 ICSE
Chapter 3 Shares and dividends
Exercise 3A | Q 1. | Page 37

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