Question

determine the market value of 400 shares of rs 12 each if each share is sold at a premium of 18% ?​

Answer 1

Answer:

5664

Explanation:

price of each share is rs 12

premium is 18%

total price per share =12+18%= rs14.16

value of share is 400

total market value of share=400×14.16= 5664

Answer 2

Answer:

The Market Value of 400 shares = Rs. 5,664

Explanation:

Given :

Total number of Shares = 400

F.V. of Share = Rs 12 each

Premium = 18%

To find :

The market value of 400 shares

Solution :

M.V. of 1 Share = F.V. + Premium

= 12 + 18% of 12

= 12 + (18/100 × 12)

= 12 + (0.18 × 12)

= 12 + 2.16

= 14.16

M.V. of 1 Share = Rs. 14.16

M.V. of 400 shares = Total number of shares × M. V. of 1 share

= 400 × 14.16

= 5,664

M.V. of 400 shares = Rs. 5,664

Therefore, the Market Value of 400 shares = Rs. 5,664.