Question

mr. deshpandey purchased shares of FV, value of 5rs. at a premium of 20rs. how many shares will he get for 20000rs. ​

Answer 1

Answer:

800 shares.

Step-by-step explanation:

Market value of each share = FV + Premium

$MV=5+20$

$MV=25$

$no.\:of \:shares\:=\:\Large\frac{Sum\:invested}{MV\:of\:each\:share}$

$=\:\Large\frac{20,000}{25}$

$=\:\large\boxed{800\: shares}$

Mr. Deshpande will get 800 shares for ₹20,000.

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