Advertisements
Advertisements
Question
If Kiran invests ₹ 19200 on ₹ 50 shares at a premium of 20%, then the number of shares she buys is ______.
Options
640
160
320
240
MCQ
Fill in the Blanks
Advertisements
Solution
If Kiran invests ₹ 19200 on ₹ 50 shares at a premium of 20%, then the number of shares she buys is 320.
Explanation:
Premium = 20% of ₹ 50
= ₹ 10
So, market price per share = ₹ 50 + ₹ 10
= ₹ 60
Number of shares = `"Total investment"/"Market price per share"`
= `19200/60`
= 320
shaalaa.com
Is there an error in this question or solution?
