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Question
The money required to buy 50, ₹ 20 shares quoted at ₹ 22 is ______.
Options
₹ 1,100
₹ 2,100
₹ 1,540
₹ 1,440
MCQ
Fill in the Blanks
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Solution
The money required to buy 50, ₹ 20 shares quoted at ₹ 22 is ₹ 1,100.
Explanation:
Quoted price of one share
= M.V. of each share
= ₹ 22
∴ Money required to buy 50 shares
= 50 × 22
= ₹ 1100
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