Question

Find the cost of 1000 shares of rs 25 at a premium of rs 6o

Answer 1

Answer:

Certain business organizations need to raise money from public. In India, such an organization needs to be registered under the Indian Companies Act. Such an organization is called a public limited company.

A company may need money to start business or to start a new project. The sum of money required is called capital. The required capital is divided into small equal parts, and each part is called share.