Amy deshpande purchased shares of fv Rs 5 at a premium of rs 20 .how many shares will she get for rs 20,000?
Answers
Answered by
0
Answer:
2oooo/(20+5) = 2oooo/25=800
800 shares
Answered by
1
Given,
Face value of each share = 5 rs.
Premium = 20 Rs.
Here,
Amy Deshpande invested rupees for purchasing shares=rs2000
Since, the amount amy deshpande paid for each share = face value + premium
=5+20 = 25
Therefore, She paid 25 rupees for each share and total amount paid is 20000 rs.
No. of shares she purchased = 20000/25 = 800
So,the answer is 800 shares
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